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 190 units @ $52.80 per unit 270 units @ $57.80 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 350 units @ $87.80 per unit 130 units @ $62.80 per unit 240 units @ $64.80 per unit 220 units @ $97.80 per unit 570 units 830 units Problem 6-1A Part 1 Required: 1. Compute cost of goods available for sale and the number of units available for sale. Cost of Goods Available for Sale # of units Cost per Cost of Goods Available Unit for Sale Beginning inventory Purchases: March 5 March 18 March 25 Total Problem 6-1A Part 2 2. Compute the number of units in ending inventory. Ending inventory units 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 110 units from beginning Inventory and 240 units from the March 5 purchase, the March 29 sale consisted of 90 units from the March 18 purchase and 130 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Perpelual riro Perpelual Liro Veighted Average Specific iu Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Goods Purchased # OT Lost per units unit Date # OT units sold Cost of Goods Sold cost per cost of Goods Sold unit Inventory Balance # of units cost per inventory unit Balance 190 @ S 52.80 = S 10,032.00 March 1 March 5 March 9 March 18 March 25 March 29