! 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 110 units @ $45 per unit 410 units @ $50 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales 430 units @ $80 per unit 140 units @ $55 per unit 220 units @ $57 per unit 180 units @ $90 per unit 610 units Totals 880 units For specific identification, the March 9 sale consisted of 60 units from beginning inventory and 370 units from the March 5 purchase; the March 29 sale consisted of 50 units from the March 18 purchase and 130 units from the March 25 purchase. 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 Beginning inventory 110 45.00 $ 4,950 0.00 $ 0 $ 0.00 $ Purchases: March 5 410 $ 50.00 $ 0.00 o 0.00 0 $ $ March 18 140 $ 0.00 0 0.00 O $ 55.00 $ 57.00 20,500 7,700 12,540 $ 45,690 March 25 220 0 A 0.00 0 Total 880 0 0 b) Periodic LIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost per unit # of units Cost per Cost of Goods Available for Sale # of units sold Cost per unit Cost of Goods Sold # of units in ending inventory Ending Inventory unit 110 $ 45.00 $ 4,950 $ Beginning inventory Purchases: March 5 410 $ 50.00 0 March 18 140 $ 55.00 0 20,500 7,700 12,540 $ 45,690 March 25 220 A 57. O Total 880 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 Average # of units sold Cost per Cost of Goods Sold # of units in ending inventory Average Cost per unit Ending Inventory Unit 110 $ 4,950 Beginning inventory Purchases: March 5 410 March 18 140 20,500 7,700 12,540 $ 45,690 March 25 220 Total 880 0 $ 0 d) Specific Identification 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 110 $ 45.00 $ 4,950 $ 45.00 $ 0 $ 45.00 $ 0 Beginning inventory Purchases: March 5 410 $ 50.00 $ 50.00 $ 50.00 0 0 March 18 140 55.00 $ 55.00 Ooo $ $ $ 55.00 20,500 7,700 12,540 $ 45,690 March 25 220 57.00 $ 57.00 $ 57.00 0 Total 880 0 0