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 Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Units Acquired at Cost 190 units @ $52.80 per unit 270 units @ $57.80 per unit Units Sold at Retail 350 units @ $87.80 per unit 130 units @ $62.80 per unit 240 units@ $64.80 per unit Totals 830 units 220 units @ $97.80 per unit 570 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 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. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending Inventory using FIFO. Perpetual FIFO: Goods Purchased Cost # of # of units Date per units sold unit Cost of Goods Sold Cost per unit Cost of Goods Sold # of units per unit March 1 190 @ Inventory Balance Cost Inventory Balance $52.80= $10,032.00 March 5 March 9 March 18 March 25 March 29 Totals $ 0.00