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 @ $51.00 per unit 225 units @ $56.00 per unit 260 units @ $86.00 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 85 units @ $61.00 per unit 150 units @ $63.00 per unit 130 units @ $96.00 per unit 390 units 560 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 65 units from beginning inventory and 195 units from the March 5 purchase; the March 29 sale consisted of 45 units from the March 18 purchase and 85 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific id Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Goods Purchased # of Cost units per unit Cost of Goods Sold Cost u me per unit Cost of Goods Sold #of units sold Date Inventory Balance Cost # of units Inventory per unit Balance 100 @ $51.00 = $ 5,100.00 March 1 March 5 L March 9 March 18 March 25 March 29 Perpetual FIFO Perpetual LIFO > Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using LIFO. Perpetual LIFO: Goods Purchased #of Cost per unit Cost of Goods Sold #of units Cost Cost of Goods sold per unit Sold Date units Inventory Balance #of units Cost Inventory per unit Balance 100 @ $51.00 = $ 5,100.00 March 1 March 5 March 9 March 18 March 25 March 29 Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific 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 Date # of Cost units per unit March 1 Cost of Goods Sold # of units Cost Cost of Goods sold per unit Sold Inventory Balance Cost Inventory # of units per unit Balance 100 @ $51.00 = $ 5,100.00 March 5 Average March 9 March 18 Average March 25 March 29 Totals Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using specific identification. For specific identification, the March 9 sale consis inventory and 195 units from the March 5 purchase; the March 29 sale consisted of 45 units from the March 18 purchase and purchase. Specific Identification: Goods Purchased Date #of Cost units per unit March 1 Cost of Goods Sold #of units Cost Cost of Goods sold per unit Sold Inventory Balance Cost Inventory # of units per unit Balance 100 @ $51.00 = $ 5,100.00 March 5 March 9 March 18 T March 25 March 29 Totals