Required information Problem 5-1A (Static) Periodic: Alternative cost flows LO P1 [The following information apples to the questions displayed below.] Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March Unita Acquired at Coat 100 units $50 per unit 400 units # $55 per unit Units fold at Rotata Date Activities 1 Beginning inventory YE. 5 Purchase MAT. 9 Sales Mar. 18 Purchase Mar. 25 Durchase Mar. 29 Sales Zotals 420 units. sus per unit 120 units # $60 per unit 200 units $62 per unit 160 unito $95 per unit 500 unita 820 units 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. Problem 5-1A (Static) Part 3 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO. (c/ weighted average, and specific identification (Round your average cost per unit to 2 decimal places.) -) Periodico Cost of Goods Available for Sale Cost of Goods Bold Ending inventory Cost of Bands Cool of of units Required information by Periodic LIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory # of units sold Cost of Goods # of units Cost per unit Available for Sale 100 $ 50.00 $ 5,000 Cost per unit Cost of Goods Sold # of units in ending Cost per unit Inventory Ending Inventory Beginning inventory Purchases March 5 March 18 March 25 Total 400 $ 120$ 200 $ 820 55.00 60.00 62.00 22.000 7,200 12,400 $ 46,600 0 c) Average Cost Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Average Goods # of units Cost per unit Available for Sale 100 $ 5.000 # of units Average Cost sold Cost of Goods Soid # of units in ending inventory Average Cost Ending per unit Inventory per Unit Beginning inventory Purchases: March 5 March 18 March 25 Total 400 120 200 820 22,000 7,200 12.400 $ 45,000 S 0 3 0 d) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of References d) Specific Identification Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Goods of units Cost per unit Available for Sale 100 $ 50.00 55.000 of units sold Cost per unit Cost of Goods Sold of units In ending Cost per unit Inventory Ending Inventory 0 $ 50.00 $ 0 Beginning inventory Purchases March March 18 March 25 Total 0 5 400 $ 120 S 200 S 520 5500 60.00 62.00 22.000 7.200 12.400 545.600 0 $ 55.00 6000 52.00 0 3 0 0