perpetual LIFO

Required information [The following information applies to the questions displayed below) Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Date Activities Units Acquired at Cost Units sold at Retail March 1 Beginning inventory 170 units @ $52.40 per unit March 5 Purchase 260 units @ $57.40 per unit March 9 Sales 330 units @ $87.48 per unit March 18 Purchase 128 units @ $62.40 per unit March 25 Purchase 220 units @ $64.40 per unit March 29 Sales 200 units @ $97.40 per unit Totals 770 units 538 units 3. Compute the cost assigned to ending Inventory using (0) FIFO, (b) LIFO. (c) weighted average, and (c) specific identification. For specific identification, units sold include 100 units from beginning inventory 230 units from the March 5 purchase, 80 units from the March 18 purchase, and 120 units from the March 25 purchase. Answer is not complete. Perpetual LIFO: Cost of Goods Sold Cost Cost of Goods per Sold unit Date Goods Purchased Cost # of units per unit # of units sold Inventory Balance Cost # of units Inventory per Balance unit $ 170 at 52 40 $ 8,908.00 $ 170 at 52.40 $ 8,908.00 $ 260 at 57.40 14,924.00 $ 23,832.00 March 1 280 at 57.40 March 5 Total March 5 at $ 5,240.00 $ 3,668.00 70 at 52.40 52.40 100 0 at March 200 al $ 57 40 57.40 14.924.00 $ 18,592.00 $ 5.240.00 Total March 100 S at $ 5,240.00 120 62.40 Oat $ 52.40 is 57.40 s 62.40 March 18 120 at 7.488.00 $ 12,728.00 120 at UMU $ 62.40 7,488.00 $ 12,728.00 Total March 18 220 at $ 64.40 > 100 $ 5,240.00 > o > > at at March 25 $ 52.40 $ 57.40 S 62.40 $ 64.40 120 O at 7,488.00 220 at 14,168.00 Total March 25 $ 26,896,00 0 at $ 0.00 11 3 100 at $ 5,240.00 I 0 > at 0.00 0 > at $ 52.40 $ 57 40 S 62.40 $ 64.40 March 29 $ 52.40 S 5740 $ 62.40 $ 64.40 0 ot 0.00 120 at 7,488.00 200 at 220 X at 14,168 00 12,880.00 $ 12.880.00 Total March 29 $ 26,896.00 $26.890.00 Totals $ 31,472.00