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Required information [ The following information applies to the questions displayed below. ] Warnerwoods Company uses a periodic inventory system. It entered into the following

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.
\table[[Date,Activities,Units Acquired at cost,Units sold at Retail],[March 1,Beginning inventory,150 units @ $40 per unit,],[March 5,Purchase,450 units @ $45 per unit,],[March 9,Sales,,470 units @ $75 per uni],[March 18,Purchase,@ $50 per unit,],[\table[[March 25],[March 29]],\table[[Purchase],[Sales]],@ $52 per unit,260 units @$85 per uni],[,Totals,, 120 units,730 units]]
For specific identification, units sold include 40 units from beginning inventory, 430 units from the March 5 purchase, 90 units from the March 18 purchase, and 170 units from the March 25 purchase.
3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification.
Note: Round your "average cost per unit" to 2 decimal places.
\table[[a) Periodic FIFO],[,Cost of Goods Available for Sale,Cost of Goods Sold,Ending Inventory],[,# of units,\table[[Cost per],[unit]],\table[[Cost of],[Goods],[Available],[for Sale]],\table[[\table[[# of units],[sold]]]],\table[[Cost per],[unit]],\table[[Cost of],[Goods],[Sold]],\table[[# of units in],[ending],[inventory]],\table[[Cost per],[unit]],\table[[\table[[Ending],[Inventol]]],[$
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