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Problem 6-1A Perpetual: Alternative cost flowsP Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. (For

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Problem 6-1A Perpetual: Alternative cost flowsP Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. (For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 340 units from the March 5 purchase; the March 29 sale consisted of 40 units from the March 18 purchase and 120 units from the March 25 purchase.) Units Acquired at Cost Date Activities Units Sold at Retail Beginning inventory 100 units @ $50.00 per unit Mar. 1 Purchase Mar. 5 400 units@$55.00o per unit a. 9 Sales 420 units @$85.00 per unit 120 units @ $60.00 per unit Mar. 18 Purchase Mar. 25 Purchase 200 units @ $62.00 per unit 160 units @ $95.00 per unit Mar. 29 Sales 580 units Totals 820 units Required 1. Compute cost of goods available for sale and the number of units available for sale 2. Compute the number of units in ending inventory 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (e) weighted average, and (d) specific identification. (Round all amounts to cents.) Check (3) Ending inventory: FIFO, $14,800 LIFO. $13.680 WA $14 352 four costing methods in part 3

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