Required information Skip to question [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 250 units @ $54.00 per unit March 5 Purchase 300 units @ $59.00 per unit March 9 Sales 410 units @ $89.00 per unit March 18 Purchase 160 units @ $64.00 per unit March 25 Purchase 300 units @ $66.00 per unit March 29 Sales 280 units @ $99.00 per unit Totals 1,010 units 690 units 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 140 units from beginning inventory, 270 units from the March 5 purchase, 120 units from the March 18 purchase, and 160 units from the March 25 purchase.