Required information Problem 6-1A 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. Summative Assessment [due Day 7] Saved Units Acquired at Cost Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase 110 units @ $51.20 per unit 230 units @ $56.20 per unit Units Sold at Retail Mar. 9 Sales 90 units @ $61.20 per unit 160 units @ $63.20 per unit 270 units @ $86.20 per unit Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales 590 units 410 units 140 units@ $96.20 per unit Totals Problem 6-1A 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 70 units from beginning inventory and 200 units from the March 5 purchase; th March 29 sale consisted of 50 units from the March 18 purchase and 90 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 Date March 1 # of units Cost per unit # of units sold Cost of Goods Sold Cost per unit Cost of Goods Sold Inventory Balance # of units 110 @ Cost per unit Inventory Balance = $ 5,632.00 $51.20 March 5