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 Activities Units Acquired at Cost Units Sold at Retail 1 Beginning inventory 100 unitse $70.00 per unit Mar. 5 Purchase 400 units @ $75.ee per unit Mar. 9 Sales 420 units $185.ee per unit Mar. 18 Purchase 128 units@ $80.00 per unit 200 units@ $82.00 per unit Mar 29 Sales 168 units @ $115.00 per unit Totals 820 units 580 units Mar Mar.25 Purchase Problem 5-1A Part 3 3. Compute the cost assigned to ending inventory using (a) FIFO (O) LIFO. (c) weighted average, and (d) specific identification 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 sole consisted of 40 units from the March 18 purchase and 120 units from the March 25 purchase the question by entering your answers in the tabs below. 4 3. Compute the cost assigned to ending inventory using (2) FIFO. (D) LIFO (C) weighted average, and (c) specific identification. 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. Complete this question by entering your answers in the tabs below. Weighted Perpetunt FIFO Perpetual LIFO Average Specific Id Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places.) Welated Average Perpetual Goods Purchased Cost of Goods Sold Inventory Balance of Cost per # of units Cost per Date Cost per units nit Cost of Goods Sold sold unit # of units Inventory Balance March 100 $70.00 $ 7.000.00 March 5 unit Average March March 18 Required information 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 Date # of units Cost per units unit sold unit Cost of Goods Sold # of units Inventory Balance unit March 1 100 $ 70,00 = $ 7,000.00 March 5 Cost per Cost per Average March 9 March 18 Average March 25 March 29 To S 0.001