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 Units Sold at Retail Units Acquired at Cost 170 units @ $52.40 per unit 260 units @ $57.40 per unit 330 units @ $87.40 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 120 units @ $62.40 per unit 220 units @ $64.40 per unit 200 units @ $97.40 per unit 530 units 779 units 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 100 units from beginning inventory and 230 units from the March 5 purchase; the March 29 sale consisted of 80 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 Average Specific Id Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: 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 Cost of Goods Sold Date # of units sold Inventory Balance Cost Inventory of units per unit Balance 170 @ $52.40 $ 8.008.00 per unit March 1 March 5 March March 18 March 25 March 29 Totals BH 2 SO LUCU I OVU ME MBILIU DE GUVUSIU Required information Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using LIFO. Perpetual LIFO Goods Purchased of Cost units per unit Date Cost of Goods Sold #of units Cost sold per unit Cost of Goods Sold Inventory Balance Cost Inventory of units per unit Balance 1701 55240 5 8. 008.00 March 1 March 5 March March 18 March 25 March 20 Totals 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 consisted of 10 and 230 units from the March 5 purchase: the March 29 sale consisted of 80 units from the March 18 purchase and 120 units from the Specific Identification: Goods Purchased # of Date Cost units per unit March 1 Cost of Goods Sold #of units Cost Cost of Goods sold Sold Inventory Balance Cost per unit #of units per unit inventory Balance 170 @ $ 52.40 5 8,208.00 March 5 March March 18 March 25 March 20 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 100 units from beginning inventory and 230 units from the March 5 purchase the March 29 sale consisted of 80 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 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 Cost units per unit March 1 Cost of Goods Sold #of units Cost Cost of Goods sold Sold per unit Inventory Balance Cost 8 of units per unit Inventory Balance 170 e 5 52.40 3 8.00.0 March 5 Average March March 18 Average March 25 March 20 Totals