Required information Problem 5-1A 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. Date Mar. 1 Beginning inventory 130 units $51.60 per unit Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Activities Units Acquired at Cost 240 units $56.60 per unit 100 units $61.60 per unit Units Sold at Retail 290 units $86.60 per unit 180 units $63.60 per unit 160 units$96.60 per unit Totals 650 units 450 units Problem 5-1A Part 3 3. Compute the cost assigned to ending inventory using (a) FIFO, (b)LIFO, (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 210 units from the March 5 purchase; the March 29 sale consisted of 60 units from the March 18 purchase and 100 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFOWeighted Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO Specific Id Average Goods Purchased Cost of Goods Sold Inventory Balance #of units cost per | unit # of units sold Cost per | Cost of Goods Sold | Cost per Inventory Balance Date # of units unit unit March 1 130| @| $51.60!=| $ 6,708.00 March 5 March 9 March 18 March 25 March 25 March 29 Totals 0.00 FIFO Perpetual LIFO eighted Average Perpetual FIFO Perpetual LIFO Compute the cost assigned to ending inventory using LIFO Perpetual LIFO Specific Id Goods Purchas Cost of Goods Sold #of units Cost per | unit # of units sold Costper Cost of Goods Sold | Cost per unit Inventory Balance Date # of units unit March 1 130S51.60 S6,708.00 March 5 March 9 March 18 March 25 March 29 March 29 Totals 0.00 Perpetual FIFO Weighted Average Weighted erpetual FIFO P FIFO Perpetual LIFO AverageSpecific Id Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places.) Weighted Average Perpetual Goods Purchased Cost of Goods Sold Inventory Balance #of units Cost per | unit # of units sold | Cost per unit Cost of Goods Sold Cost per unit Inventory Balance Date # of units March 1 130S51.60 S6,708.00 March 5 Average March 9 March 18 Average March 25 March 29 Totals 0.00 Perpetual LIFO Specific ld> WeightedSpecific Perpetual FIFO Perpetual LIFO Average Id Compute the cost assigned to ending inventory using specific identification. For specific identification, the March 9 sale consisted of 80 un and 210 units from the March 5 purchase; the March 29 sale consisted of 60 units from the March 18 purchase and 100 units from the Ma Specific Identification: Goods Purchase Cost of Goods Sold Inv #of units ventory Balance Cost per Inventory Balance Cost per | unit # of units sold Cost per unit Cost of Goods Sold per unit Date # of units March 1 13051.60 S6,708.00 March 5 March 9 March 18 March 25 March 29 Totals 0.00