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Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.

$\backslash$table$[[$Date$,$Activities,Units,Acquired at Cost,Units Sold at Retail$],[\backslash$table$[[$March $1],[$March $5]],\backslash$table$[[$Beginning inventory$],[$Purchase$]],140$ units,a $$51\mathrm{.}80$ per unit,$],[$March $9,$Sales,$245$ units,@ $$56\mathrm{.}80$ per unit,$300$ units a $$86\mathrm{.}80$ per unit$],[$March $18,$Purchase,$105$ units,a $$61\mathrm{.}80$ per unit,S$06$ unils $($a $$80\mathrm{.}80$ per unit$],[\backslash$table$[[$March $25],[$March $29]],\backslash$table$[[$Purchase$],[$Sales$]],190$ units,a $$63\mathrm{.}80$ per unit,$],[,$Totals,$680$ units,,$470$ units$]]$

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 $85$ units from beginning inventory, $215$ units from the March $5$ purchase, $65$ units from the March $18$ purchase, and $105$ units from the March $25$ purchase.

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

Perpetual FIFO Perpetual LIFO

Weighted

Average

Compute the cost assigned to ending inventory using FIFO.

$\backslash$table$[[$Perpetual FIFO:$],[$Date$,$Goods Pu$,$hased,Cost of Goods Sold,Inventory Balance$],[$# of units,$\backslash$table$[[$Cost per$],[$unit$]],\backslash$table$[[$# of units$],[$sold$]],\backslash$table$[[\backslash$table$[[$Cost per$],[$unit$]]]],$Cost of Goods Sold,# of units,$\backslash$table$[[\backslash$table$[[$Cost per$],[$unit$]]],[$$$51\mathrm{.}80$