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, Datel Mar. Mar. 5 Purchase Mar. 9 Sales Activities 1 Beginning inventory. Units Acquired at Cost 200 units @ $53.00 per unit 275 units@ $58.00 per unit Units Sold at Retail 360 units @ $88.00 per unit 135 units @ $63.00 per unit 250 units @ $65.00 per unit Totals 860 units 230 units @ $98.00 per unit 590 units Mar. 18 Purchase Mar. 25 Purchase: Mar. 29 Sales 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 115 units from beginning Inventory and 245 units from the March 5 purchase; the March 29 sale consisted of 95 units from the March 18 purchase and 135 units from the March 25 purchase.