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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 Units sold at Retail Units Acquired at Cost 230 units@ $53.60 per unit 298 units@ $58.68 per unit 390 units @ $88.68 per unit Date Activities Mar. 1 Beginning inventory Har. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 150 units $63.60 per unit 288 units @ $65.60 per unit 260 units @ $98.68 per unit 650 units 958 units Problem 6-1A Part 3 3. Compute the cost assigned to ending inventory using (2) FIFO, (b)LIFO. (c) weighted average, and (d) specific identification. For specific Identification, the March 9 sale consisted of 130 units from beginning inventory and 260 units from the March 5 purchase the March 29 sale consisted of 110 units from the March 18 purchase and 150 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO; Perpetual FIFO: Goods Purchased #of Cost per unit Cost of Goods Sold Cost per Cost of Goods Sold unit # of units sold Inventory Balance Cost per Inventory # of units unit Balance 230 @ S53.60 = $ 12,328.00 Date units March 1 March 5 March 9 March 18 March 25 March 29 Totals Perpetual LIFO Goods Purchased # of units unit Cost per Cost of Goods Sold Cost of Goods Sold unit Cost per # of units sold Inventory Balance Cost per Inventory # of units unit Balance 230 @ $53.60 = $ 12,328.00 Date March 1 March 5 March 9 March 18 March 25 March 29 Totals Inventory Balance Weighted Average Perpetual: Goods Purchased Date # of units unit March 1 Cost per Cost of Goods Sold # of units Cost of Goods Sold sold unit Cost per Cost per # of units unit Inventory Balance S53.60 - $ 12,328.00 230 @ March 5 Average March 9 March 18 -3 Averago March 25 March 29 Totals Inventory Balance Specific Identification: Goods Purchased # of Cost per Date units unit March 1 Cost of Goods Sold # of units Cost of Goods sold unit Sold Cost per # of units Cost per Inventory Balance unit $ 53,60 = 230 @ $ 12,328.00 March 5 March 9 March 18 March 25 March 29 Totals