Required Information following information applies to the questions displayed below rnerwoods Company uses a perlodic Inventory system. It entered Into the following purchases and sales transactions for March Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales ActivitiesUnits Acquired at CostUnits Sold at Retail 518 units$115 per unit 348 units $125 per unit 199 units$88 per unit 49e units $85 per unit 38e units $9e per unit 398 units $92 per unit Totals 1,368 units 85e units For specific Identification, the March 9 sale conslsted of 50 units from beginning Inventory and 460 unlts from the March5 purchase; the March 29 sale conslsted of 130 unlits from the March 18 purchase and 210 unlts from the March 25 purchase. 3. Compute the cost assigned to ending Inventory using (a) FIFO, (b) LIFO. (c)welghted average, and (d) specific Identification. (Round your average cost per unit to 2 decimal places.) a) Periodic FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of ds | # of units | Cost per | Goods | in ending-unit Cost of | # of units | Cost per Cost per unit Ending #Of units | | Inventory unit | Available for Sale sold Sold inventory Beginning inventory 5 0.00S 5 0.00S March 5 March 18 March 25 5 0.00 5 0.00 5 0.00 5 0.00 5 0.00 Total Cost of Goods Available for Sale Cost of Goods Sold Ending Cost of Cost per unit ds | # of units | Cost per | Goods | in ending-unit Cost of | # of units | Cost per Ending # of units | | Available for Sale | Inventory sold unit Sold inventory Beginning inventory March 5 March 18 March 25 Total t of Goods Available for Sale of Goods Cost of Goods #of units | Average | Cost of | # of units | Average | Ending Goods in ending # of units | Cost per | Available | unit Cost per sold Unit Sold inventory unit for Sale Beginning inventory March 5 March 18 March 25 Total Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Cost per unit ds | # of units | Cost per | Goods | in ending-unit Cost of | # of units | Cost per Ending #Of units | | Inventory unit | Available for Sale sold Sold inventory Beginning inventory March 5 March 18 March 25 Total