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Required information Problem 6-1A Perpetual: Alternative cost flows LO P1 [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 Unita Acquired at Coat Unite Sold at Retail Mar. 1 Beginning inventory 70 unit @ $50.40 per unit Mar. 5 Purchase 210 usta $55.40 per unit Mar. 9 Sales 230 units 065.10 per unit Mar. 18 Purchase 70 units 8 $60.10 per unit Mar. 25 Purchase 120 units @ $62.10 per unit Mar. 29 Sales 100 units 8 $95.40 per unit Total 170 unita 330 units Problem 6-1A Part 3 3. Compute the cost assigned to ending inventory using (a) FIFO. (b) LIFO (c/ weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 50 units from beginning inventory and 180 units from the March 5 purchase the March 29 sale consisted of 30 units from the March 18 purchase and 70 units from the March 25 purchase Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Cost of Goods Sold Goods Purchased # of units unit Cost per Cost per # of units sold Date Cost of Goods Sold Inventory Balance Inventory # of units unit Balance 70 @ $ 50.40 = $ 3,528.00 Cost per unit March 1 March 5 March 9 March 18 March 25 March 29 Total 0.00 Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using LIFO. Perpetual LIFO: Cost of Goods Sold Goods Purchased # of units unit Cost per Cost per of units sold unit Cost per Date Cost of Goods Sold Inventory Balance # of units Inventory unit Balance 70 @ $ 50,40 = $ 3,528,00 March 1 March 5 March 9 March 18 March 25 March 29 Totals 0.00 Complete this question by entering your answers in the tabs below. Perpetual Perpetual Weighted FIFO LIFO Average Specific Id Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places.) Weighted Average Perpetual Goods Purchased Cost of Goods Sold Inventory Balance #ol Date units unit # of units sold Cost of Goods Sold unit # of units Inventory Balance March 1 70 @ $ 50.40 $ 3,528.00 March 5 Cost per Cost per Cost per unit Average March 9 March 18 Average March 25 March 29 Totals 0.00 Required information Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using specific identification. For specific identification, the March 9 salo consisted of so units from beginning inventory and 100 units from the March Spurchase: the March 29 sale consisted of 30 units from the March 18 purchase and 70 units from the March 25 purchase Specific. Identification Goods Purchased Cost of Goods Sold Inventory Balance Date 1 of Cost per units unit Cost per of units sold Cost of Goods Sold unit of units Inventory Balance March 1 70 $50.40 3.528.00 March 5 Cost per March 9 March 18 March 25 March 25 $ 0.00 Totals Waluhted Aver