! Required information [The following information applies to the questions displayed below.] Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March. Date March 1 March 5 Activities Beginning inventory Purchase Units Acquired at Cost Units Sold at Retail 180 units $70 per unit 480 units $75 per unit March 9 March 18 Sales 500 units @ $105 per unit March 29 March 25 Purchase Purchase Sales 280 units 360 units $80 per unit $82 per unit Totals 1,300 units 320 units $115 per unit 820 units For specific identification, units sold include 90 units from beginning inventory, 410 units from the March 5 purchase, 120 units from the March 18 purchase, and 200 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 Beginning inventory Purchases: March 5 March 18 Cost of Goods Available for Sale # of units Cost per unit Cost of Goods Available for Sale March 25 Total b) Periodic LIFO Cost of Goods Available for Sale Cost of Goods Available Beginning inventory Purchases: March 5 March 18 March 25 Total Cost of Goods Sold # of units sold Cost per unit Cost of Goods Sold Cost of Goods Sold Ending Inventory Cost per unit Ending Inventory # of units in ending inventory Ending Inventory # of units Cost per unit # of units sold Cost per unit Cost of Goods Sold # of units in ending inventory Cost per unit Ending Inventory for Sale c) Average Cost Beginning inventory Purchases: March 5 Cost of Goods Available for Sale Average # of units Cost per unit Cost of Goods Available for Sale Cost of Goods Sold # of units sold Average Cost per Unit Cost of Goods Sold March 18 March 25 Total Ending Inventory # of units in ending inventory Average Cost per unit Ending Inventory