Required information Problem 5-1A (Algo) Periodic: Alternative cost flows LO P1 [The following information applies to the questions displayed below.] Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March. Date March 1 March 5 Purchase March 9 Sales March 18 Purchase March 25 Purchase March 29 Sales Totals Activities Beginning inventory Units Acquired at Cost 150 units 450 units $40 per unit $45 per unit 220 units @ $50 per unit 300 units $52 per unit 1,120 units Units Sold at Retail 470 units $75 per unit 260 units @ $85 per unit 730 units For specific identification, the March 9 sale consisted of 40 units from beginning inventory and 430 units from the March 5 purchase; the March 29 sale consisted of 90 units from the March 18 purchase and 170 units from the March 25 purchase. Problem 5-1A (Algo) Part 3 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. Note: Round your "average cost per unit" to 2 decimal places. a) Periodic FIFO Cost of Goods Available for Sale # of units Cost per unit Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory # of units sold Cost per unit Cost of Goods # of units in ending Inventory Cost per unit Ending Inventory Sold