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. DateActivities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Salers Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Units Acquired at Cost Units Sold at Retail 410 unito $89.00 per unit 280 unita $99.00 per unit units $54.00 per unit 300 units $59.00 per unit 250 u 160 units $64.00 per unit 300 units $66.00 per unit Totals 1,010 unite 690 units Problem 6-1A Part 3 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 140 units from beginning inventory and 270 units from the March 5 purchase; the March 29 sale consisted of 120 units from the March 18 purchase and 160 units from the March 25 purchase. Required information Weighted Average FIFO Perpetual LIFO Compute the cost assigned to ending inventory using FIFO Perpetual FIFO Inventory Balance Goods Purchased #of units Costper Inventory Balance Cost per! unit # of units sold Cost per/ unit | Cost of Goods Sold # of units Date unit 250| @| $54.00!#! $13.500.00! March 1 March 5 March 9 March 18 Required information March 25 March 29 0.00 Totals Perpetual LIFO 0 Required information al FIFO Perpetual LIFO Weighted EAverage rpetu Compute the cost assigned to ending inventory using LIFO. Perpetual LIFO Specific Id Goods Purchased #of units Cost of Goods Sold Inventory Balance Cost per | unit # of units sold Cost per Cost of Goods Sold | Date Cost per Inventory : # of units unit unit Balance March 1 250 $ 54.00S 13,500.00 March 5 March 9 March 18 0 Required information March 25 March 29 0.00 Totals Welghted Average ) Perpetual FIFO WeightedSpecific Id Perpetual FIFO Perpetual LIFO Weighted Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal p Weighted Average Perpetual: Goods Purchased Cost perl #Of units #of units Ostper|Cost of Goods Sold! Cost per Inventory Balance #ofunits eunit 250$54.00 Date sold unit unit 13,500.00 March 1 March 5 Average March 9 March 18 Average Next> Prev 3 4 of 8 Required information Average March 9 March 18 Average March 25 March 29 Totals 0.00 Perpetual LIFO Specific ld> Required information Weighted Average Specific td Perpetual FIFO Perpetual LIFO Compute the cost assigned to ending inventory using specific identification. For specific and 270 units from the March 5 identinication, the March 9 sale consisted of 140 units from beginning in purchase; the March 29 sale consisted of 120 units from the March 18 purchase and 160 units from the March 25 purchase. Goods Purchased Cost of Goods Sold Inventory Balance Cost per| unit #of units Cost of Goods Sold #0f units sold Cost per| unit Date Cost per | # of units Inventory Ba March 1 250! @ | S54 00| 13500 00 March 5 March 9 March 18 Required information March 25 March 29 0.00 Totals