$!$

Required information

$[$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

March $1$

March $5$

March $9$

March $18$

March $25$

March $29$

Activities

Beginning inventory

Purchase

Sales

Purchase

Purchase

Sales

Totals

Units Acquired at Cost

$100$ units @ $$50$ per unit

$400$ units @ $$55$ per unit

$120$ units @ $$60$ per unit

$200$ units @ $$62$ per unit

$q,$

Units Sold at Retail

$420$ units @ $$85$ per unit

$\frac{160\text{u}\text{n}\text{i}\text{t}\text{s}}{580\text{u}\text{n}\text{i}\text{t}\text{s}}q,$

$3.$ 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 $80$ units from beginning inventory, $340$ units from the March $5$ purchase, $40$ units from the March $18$ purchase, and $120$ units from the March $25$ purchase.

Complete this question by entering your answers in the tabs below.

$\backslash$table$[[$Perpetual FIFO,Perpetual LIFO,$\backslash$table$[[$Weighted$],[$Average$]],$Specific Id$]]$

Compute the cost assigned to ending inventory using FIFO.