! 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. Units Sold at Retail Units Acquired at Cost 115 units @ $50 per unit 415 units @ $55 per unit Date March 1 March 5 March 9 March 18 March 25 March 29 435 units @ $85 per unit Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals 150 units @ $60 per unit 230 units @ $62 per unit 190 units @ $95 per unit 625 units 910 units For specific identification, units sold include 50 units from beginning inventory, 385 units from the March 5 purchase, 55 units from the March 18 purchase, and 135 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 Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory # of units Cost per unit Cost of Goods Available for Sale # of units sold Cost per unit Cost of Goods Sold # of units in ending inventory Cost per unit Ending Inventory $ 0 $ 0.00 $ 0 $ 0.00 $ 0 Beginning inventory Purchases: March 5 0 0.00 0 0.00 0 $ $ $ $ March 18 0 0.00 O o 0.00 0 March 25 0 0 $ 0.00 0 Total 0 0 0 b) Periodic LIFO 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 unit Cost of Goods Sold # of units in ending inventory Cost per unit Ending Inventory 0 $ 0 Beginning inventory Purchases: March 5 0 March 18 0 March 25 0 Total 0 0 c) Average Cost Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Average Goods # of units Cost per Available unit 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 d) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost per # of units Cost per unit Cost of Goods Available for Sale # of units sold Cost per unit Cost of Goods Sold # of units in ending inventory unit Ending Inventory $ 0 $ 0 Beginning inventory Purchases: March 5 0 0 March 18 0 0 0 0 March 25 Total 0 0