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 Units Sold at Retail Unita loquired at cost 230 units # $53.60 per unit 290 units $58.60 per unit 390 unita $80.60 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totale 150 units $63.60 per unit 200 units $65.60 per unit 260 units $98.60 per unit 650 unita 950 units Problem 5-1A Part 3 3. Compute the cost assigned to ending inventory using (a) FIFO, (D) LIFO, (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 130 units from beginning inventory and 260 units from the March 5 purchase; the March 29 sale consisted of 110 units from the March 18 purchase and 150 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Weighted Average Specific d Perpetual Fifo Perpetual ufo M Required information Goods Purchased #of Cost per units Cost per Cost of Goods Sold Cost per unit Cost of Goods Sold # of units sold Inventory Balance # of units Inventory unit Balance 230 @ $ 53.60 $ 12,328.00 Dato unit March 1 March 5 290 @ $ 58.601 230 @ 290 $ 53.80 $ 58.60 - $ 12,328.00 16,994.00 $ 29,322.00 $ $53.60 $ 58.60 0.00 0.00 March 9 : $53.60 $ 58.60 $63.60 March 18 150 @ 230 290 150 $53,60 = $ 58.60 - $63.60 - $ 12,328.00 16,994.00 9.540.00 $ 38,862.00 March 25 280 @ $ 65,60 230 290 @ 150 2801 $ 53.60 $ 58.00 - $63.60 $ 65,60 $ 12,328.00 16.994.00 9.540.00 18.368.00 $ 57 230.00 $ March 20 elele $53.60 S 58.00 $ 63.50 $ 65.60 0.00 0.00 0.00 0.00 230 2901 150 280 S53.60 - $ 58 60 - $63.60 - $65.60 - $ 12328.00 16.994.00 9.540.00 18,368.00 $ 57,230.00 $ 57,230.001 Perpetual LIFO: of 3 Goods Purchased #of units unit Cost per # of units sold Cost of Goods Sold Cost per cost of Goods Sold unit Inventory Balance Cost per Inventory # of units unit Balance 230 $53.60 $ 12,328.00 Date March 1 March 5 290 @ $ 58.60 230 @ 290 @ $53.60 $ 58.60 = $ 12,328.00 16,994.00 $ 29,322.00 Book $ 53,60 March 9 390 @ 290 @ $ 20,904.00 16,994.00 $ 37,898.00 230 @ 290 @ $ 53.60 $ 58.60 - $ 58.60 $ 12,328.00 $ 16,994.00 $ 29,322.00 rences March 18 150 $63.60 290 390 150 $53.60 $ 58.60 $63.60 March 25 $ 15,544.00 22,854.00 9,540.00 $ 47.938.00 $ 12.328.00 16.994.00 9.540.00 18,368.00 $ 57.230.00 280 230 @ 2901 150 @ 2800 $65.60 $53.60 $ 58.60 - $63.60 $ 65.60 March 20 230 290 150 @ 280 S53.60 $ 58.60 $63.60 S65 60 $ 12.328.00 16,904.00 9.540.00 18,388.00 230 290 150 260 @ $ 53.60 - $ 58,60 - $63.60 - S 65.60 $ 12,328.00 16,994 00 9,540.00 17.058.00 13 Cost per Specific Identification: Goods Purchased # of Cost per Date units unit March 1 March 5 290 $ 58.60 Cost of Goods Sold Cost of Goods unit Sold # of units sold Inventory Balance Cost per # of units unit Inventory Balance 230 $ 53.60 $ 12,328.00 230 @ 290 @ $ 53.60 = $ 58,60 = $ 12,328.00 16,994.00 $ 29,322.00 March 9 130 @ 289 @ $53.60 $ 58,60 $ 6,968.00 16,935.40 $ 23,903.40 $ 53.60 $ 58.60 ces March 18 March 25 March 29 2 on an