Required information [The following information applies the questions displayed below) Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March Date Activities Units Acquired at Cost Units Sold at Retail Mar. 1 Beginning inventory 200 units@ $90 per unit Mar. 5 Purchase 500 units@ $95 per unit Mar. 9 Sales 520 units @ $125 per unit Mar. 18 Purchase 320 units@ $100 per unit Mar. 25 Purchase 400 units@ $102 per unit Mar. 29 Sales 368 units @ $135 per unit Totals 1,420 units 880 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. 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.) a) Periodic FIFO Cont of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost per #of units Cost per unit "ost of Goods Available for Sale $ 0 # of units sold unit Cost of Goods Sold # of units In ending Inventory Cost per unit Ending Inventory s 0.00 $ 0 $ 0.00 $ 0 Beginning inventory Purchases: March 5 March 18 March 25 Total 0 0 $ $ 0.00 0.00 0 0 0 0 $ $ $ 0.00 0.00 0.00 0 0 0 0 0 0 b) Periodic UFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Cost per Goods of units unit Available for Sale # of units sold Cost per Cost of Goods Sold Cost per unit #of units in ending Inventory unit Ending Inventory $ 0 Beginning inventory Purchases: March 5 March 18 March 25 Total 0 0 0 0 0 c) Average Cost Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory c) Average Cost Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Average Goods # of units Cost per unit Available for Sale # of units sold Average Cost per Unit Cost of Goods Sold # of units In ending Inventory Average Cost per unit Ending Inventory Beginning inventory Purchases: March 5 March 18 March 25 Total $ 0 $ 0 d) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost per # of units Cost of Goods Available for Sale unit #of units sold Cost per unit Cost of Goods Sold #of units In ending inventory Cost per unit Ending Inventory $ 0 $ 0 Beginning inventory Purchases: March 5 March 18 March 25 0 0 olol 0 0 Total 0 0 FIFO LIFO Weighted Average Specific Identification Sales Less: Cost of goods sold Gross profit $ 0 $ 0 $ 0 $ 0