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 te bold at Hall Date Hal HE Activities en inventory Purchase units Acquired cost ste unit 1.0 unit 2 unita 1552 percunst 2.unat per unit HE 24t Tente per unit 1962 per unit 43 Required: 1. Compute cost of goods available for sale and the number of units available for sale. Cost of Goods Available for Sale Cost per Cost of Goods # of units Unit Available for Sale Beginning inventory Purchases: March 5 March 18 March 25 Total 2. Compute the number of units in ending Inventory. Ending inventory units Goods Purchased #of Cost units Cost of Goods Sold Cost Cost of Goods Sold # of units sold Inventory Balance # of units Cost Inventory per unit Balance 110 @ $51.20 - $ 5,032.00 Date per unit per unit March 1 March 5 March March 18 March 25 March 20 Total Perpetual LIFO > 3. Compute the cost assigned to ending Inventory using (8) FIFO. (D/LIFO. Cweighted average, and for specific identification. For specific identification, the March 9 sale consisted of 70 units from beginning inventory and 200 units from the March 5 purchase the March 29 sale consisted of 50 units from the March 18 purchase and 90 units from the March 25 purchase Compute the cost assigned to ending inventory using LIFO. Perpetual LIFO Goods Purchased # of Cost units per unit Cost of Goods Sold Cost Date # of units sold per unit Cost of Goods Sold Inventory Balance Cost Inventory #of units per unit Balance 110 @ 551.20 = $5.632.00 March 1 March 5 March March 18 March 26 March 20 Tous Perpetual FIFO Weighted Average > Perpetual Pro Perpetualuro Weighted Average Specincid 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 Cost of Goods Sold Inventory Balance Date of Cost Fof units Cost Cost of Goods Sold Cost units per unit sold of units Inventory Balance per unit March 110 561.20 = $ 5,632.00 March 5 per unit Average March March 18 Average March 25 March 20 To