Please help with the following accounting question.
! 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 Mar . 1 Beginning inventory 160 units @ $52.20 per unit Mar . 5 Purchase 255 units @ $57.20 per unit Mar . 9 Sales 320 units @ $87.20 per unit Mar. 18 Purchase 115 units @ $62.20 per unit Mar. 25 Purchase 210 units @ $64.20 per unit Mar. 29 Sales 190 units @ $97.20 per unit Totals 740 units 510 units 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and () specific identification. For specific identification, the March 9 sale consisted of 95 units from beginning inventory and 225 units from the March 5 purchase; the March 29 sale consisted of 75 units from the March 18 purchase and 115 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: Goods Purchased Cost of Goods Sold Inventory Balance Cost per # of units Cost per Cost of Goods Sold # of units Cost per Inventory Date # of units unit sold unit unit Balance March 1 160@ $ 52.20 = $ 8,352.00 March 5 255 @ $57.20 160 @ $ 52.20 = $ 8,352.00 255 @ $ 57.20 14,586.00 $ 22,938.00 March 9 95 @ $ 52.20 = $ 4,959.00 @ $ 52.20 225 @ $ 57.20 = 12,870.00 @ $ 57.20 $ 17,829.00 March 18 115 @ $ 62.20 @ $ 52.20 @ $ 57.20 @ $ 62.20 March 25 210 @ $ 64.20 @ $ 52.20 @ $ 57.20 @ $ 62.20 @ $ 64.20 March 29 Totals $ 17,829.00Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using LIFO. Perpetual LIFO: Goods Purchased Cost of Goods Sold Inventory Balance Date # of Cost per # of units Cost per Cost per Inventory units unit sold unit Cost of Goods Sold # of units unit Balance March 1 160 @ $ 52.20 = $ 8,352.00 March 5 March 9 March 18 March 25 March 29 Totals 0.00Required information 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 weighted average. (Round your average cost per unit to 2 decimal place Weighted Average Perpetual: Goods Purchased Cost of Goods Sold Inventory Balance # of Date Cost per # of units Cost per Cost per units unit sold unit Cost of Goods Sold # of units unit Inventory Balance March 1 160@ $ 52.20 = $ 8,352.00 March 5 Average March 9 March 18 Average March 25 March 29 Totals $ 0.00 Compute the cost assigned to ending inventory using specific identification. For specific identification, the March 9 sale consisted of 95 units from beginning inventory and 225 units from the March 5 purchase; the March 29 sale consisted of 75 units from the March 18 purchase and 115 units from the March 25 purchase. Specific Identification: Goods Purchased Cost of Goods Sold Inventory Balance Date # of Cost per # of units Cost per Cost of Goods Cost per units unit sold unit Sold # of units unit Inventory Balance March 1 160 @ $ 52.20 = $ 8,352.00 March 5 March 9 March 18 March 25 March 29 Totals $ 0.00
