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 Units Acquired at Cost 100 units @ $50.00 per unit 400 units $55.00 per unit 420 units 385.00 per unit Date Activities Mar. 1 Beginning inventory Mar. S Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 120 units @ $60.ee per unit 200 units $62.00 per unit 160 units $95.00 per unit 50 units #20 units ces Problem 5-1A Part 3 3. Compute the cost assigned to ending inventory using () FIFO. (D) LIFO.(c) weighted average, and (d) specific identification For specific Idenufication, the March 9 sale consisted of 80 units from beginning inventory and 340 units from the March 5 purchase; the March 29 cale consisted of 40 units from the March 18 purchase and 120 units from the March 25 purchase Complete this questions by entering your answers in the below tabs. Perpetual FIFO Perpetual LIFO Weighted Average Specific d Required information Perpetual FIFO Perpetual UFO Weighted Average Specific Id Compute the cost assigned to ending inventory using 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. Specific Identification: Goods Purchased Date # of Cost units per unit March 1 Cost of Goods Sold # of units Cost Cost of Goods sold Sold per unit Inventory Balance Cost of units Inventory per unit Balance 3 100 $ 50,00 - 5,000.00 $ $50.00 5,000.00 400 5 55.00 22.000.00 March 4001 $56.00 100 27,000.00 5 March 550.00 $ 55,00 0.00 0.00 $ 50.00 - $ 55,00 - - March 18 March 20 March 20 0.00