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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

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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 Mar. 1 Beginning inventory 100 units@ $64.00 per unit Mar. 5 Purchase 400 units @ $69.00 per unit Mar. 9 Sales 420 units @ $99.00 per unit Mar. 18 Purchase 120 units@ $74.00 per unit Mar. 25 Purchase 200 units $76.00 per unit Mar. 29 Sales 160 units @ $109.00 per unit Totals 820 units 580 units 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 identification, the March 9 sale consisted of BO 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 LIFO Weighted Specific Id Average Compute the cost assigned to ending Inventory using FIFO. Perpetual FIFO Goods Purchased Cost of Goods Sold Inventory Balance 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 Date of units sold Cost of Goods Sold Cost per cost of Goods Sold unit Inventory Balance Cost per Inventory # of units unit Balanco 100 $64.00 $ 6.400.00 March 1 March 5 March March 18 March 25 March 29 Totals Perpetual LIFO >

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