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 Date Activities Units Acquired at Cost Units Sold at Retail Mar. 1 Beginning inventory 130 units @ $51.60 per unit Mar. 5 Purchase 240 units@ $56.60 per unit Mar. 9 Sales 290 units @ $86.60 per unit Mar. 18 Purchase 100 units @ $61.60 per unit Mar. 25 Purchase 180 units @ $63.60 per unit Mar. 29 Sales 160 units @ $96.60 per unit Totals 650 units 450 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 80 units from beginning inventory and 210 units from the March 5 purchase; the March 29 sale consisted of 60 units from the March 18 purchase and 100 units from the March 25 purchase