Required information Problem 5-2AA (Algo) Periodic: Alternative cost flows LO P3 (The following information applies to the questions displayed below] Wamerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March. Date March 1 March 5 Activities Beginning inventory Purchase Units Acquired at Cost Units Sold at Retail 115 units 415 units March Sales March 16 March 25 Purchase Purchase 150 units 230 units $50 per unit $55 per unit @ $60 per unit $62 per unit 435 units $85 per unit March 29 Sales Totals 910 units 190 units 595 per unit 625 units For specific identification, units sold include 50 units from beginning inventory, 385 units from the March 5 purchase, 55 units from the March 18 purchase, and 135 units from the March 25 purchase Problem 5-2AA (Algo) Part 3 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification (Round your "average cost per unit" to 2 decimal places.) a) Periodic FIFO Answer is not complete. Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of W of of units Cost per unit Goods units Available sold Cost per unit Cost of Goods Sold for Sale W of units in ending inventory Cost per unit Ending Inventory Beginning inventory 115 Is 50.00 is 5.750 Is 0.00 15 0 15 0.00 $ 0