Required information Problem 6-2AA Periodic: Alternative cost flows LO P3 [The following information applies to the questions displayed below. Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March Date Mar. Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Activities Units Acquired at Cost 200 units $90 per unit 500 units $95 per unit Units Sold at Retail 520 units $125 per unit 320 units $100 per unit 400 units $102 per unit 360 units e $135 per unit 880 units Totals 1,420 units For specific identification, the March 9 sale consisted of 70 units from beginning inventory and 450 units from the March 5 purchase; the March 29 sale consisted of 140 units from the March 18 purchase and 220 units from the March 25 purchase Problem 6-2AA Part 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. (Round your average cost per unit to 2 decimal places.) Required information a) Periodic FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of | # of units | Cost per Goodsin ending Ending Cost per unit | # of units Cost per unit # of units sold unit nventory Sold inventory Beginning inventory $0.00$ 0 S 0.00S Purchases March 5 March 18 March 25 S 0.00 S 0.00 S 0.00 0 This is a numeric cell, so please enter numbers only 0 Total 0 0 b) Periodic LIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of | # of units | Cost per | Ending Cost per Goods in Cost per unit | # of units # of units ending Sold inventory sold unit unit Inventory Beginning inventory Purchases March 5 March 18 March 25 Total 0 c) Average Cost Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory c) Average Cost Cost of Goods Available for Sale Cost of Goods Sold Average Unit Ending Inventory Cost of # of units | Cost per | Available for Sale Average Goods Cost of Goods | # of units in ending Cost per Average Ending # of units | Cost per sold Inventory unit Soldinventory unit Beginning inventory Purchases March 5 March 18 March 25 Total 0 d) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of | # of units Goods in ending Sold inventory Cost per unit | # of units sold Cost per unit Cost per Ending # of units unit Inventory 0 Beginning inventory Purchases March 5 March 18 March 25 0 Total 0