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Required information The foiiowing information app'es In the questions dispiayeo' balm-1'; arnerwoods Company uses a perpetual inventory system. It entered into the following purchases and

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Required information The foiiowing information app'es In the questions dispiayeo' balm-1'; arnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions I W 330 units@ $07.40 per unit Tnits AomJir-ed at Cos I l'i'III inits IE! $52.40 per: uni 260 units 3 $57.40 per unit Mar. 10 Purchase 120 units 3 $52.40 per unit Mar. 25 Purchase 220 units 3 $54.40 per unit Mar. 29 Sales 200 units@ $97.40 per unit Totals Til] units 530 units 3. Compute the cost assigned to en ding inventory using (a) FIFO, (b) LIFO, {c} weighted average, and {ofispecic identication. For specic identication, the March 9 sale consisted of 100 units from beginning inventory and 230' units from the March 5 purchase; the March 29 sale consisted of 80 units from the March 13 purchase and 120 units from the March 25 purchase.

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