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[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
March 1	Beginning inventory	200	units	@ $53.00 per unit
March 5	Purchase	275	units	@ $58.00 per unit
March 9	Sales				360	units	@ $88.00 per unit
March 18	Purchase	135	units	@ $63.00 per unit
March 25	Purchase	250	units	@ $65.00 per unit
March 29	Sales				230	units	@ $98.00 per unit
	Totals	860	units		590	units

rev: 05_26_2021_QC_CS-265380, 07_10_2021_QC_CDR-376

3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, units sold include 115 units from beginning inventory, 245 units from the March 5 purchase, 95 units from the March 18 purchase, and 135 units from the March 25 purchase.

Compute the cost assigned to ending inventory using FIFO. Goods Purchased Date # of units # of units sold 360 March 1 March 5 Total March 5 March 9 Total March 9 March 18 Total March 18 March 25 Total March 25 March 29 Total March 29 Totals 275 at Cost per unit $ 53.00 Perpetual FIFO: Cost of Goods Sold Cost per Cost of Goods Sold unit Inventory Balance $ 10,600.00