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 Units Acquired at Cost 100 units $70.ee per unit 400 units $75.00 per unit Units sold at Retail Activities 1 Beginning inventory Mar 5 Purchase Mar. Sales Mar. 18 Purchase Mar 25 Purchase Mar. 29 Sales Totals 420 units $105.00 per unit 120 units 580.00 per unit 200 units $82.00 per unit 160 units $115.00 per unit 580 units 820 units 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 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. Perpetual FIFO Perpetual UFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Goods Purchased #of Cost per units unit Cost of Goods Sold Cost per Cost of Goods Sold unit # of units sold Inventory Balance Cost per Inventory # of units Balance 100 $ 70.00 $ 7,000.00 Date March 1 March 5 400 $ 75,00 100 400 $ 70,00 $ 75,00 $ 7,000.00 30,000.00 $ 37,000.00 March 9 5 1001 3201 $ 70.00 $ 75.00 7,000.00 24,000.00 31,000.00 $ 70,00 $75.00 $ March 18 enteen .0 Required information 4001 >/5.00 50,000.00 $ 37,000.00 14 $ 1001 320 @ $ 70,00 $ 75,00 7,000.00 24,000.00 31,000.00 $ 70.00 $ 75,00 S ces $ 31,000.00 Perpetual FIFO Perpetual LIFO >