Required information The following information applies to the questions displayed below) Wornerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March intolat Retail Har Units Acquired at Cost 100 units $50.00 per unit 400 units $55.00 per unit 420) units per unit Date Activities 1 Beginning inventory Mar 5 Purchase Mar 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 120 units@ $60.00 per unit 200 units @ $62.00 per unit 6 units $95.00 per unit 580 units 820 units 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average and (d) specific identification. For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 340 units from the March 5 purchase the March 29 sale consisted of 40 units from the March 18 purchase and 120 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Perpetual FIFO perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO. apter 5 Homework Savad 3 Required information 320 $ 55.00 000 $ 55.00 17,000.00 22,000.00 4,400.00 $ 4400.00 3 of 4 $ March 18 120 $ 60.00 80 120 $ 50.00 S 55.00 $ 6000 4,400.00 7,200.00 $ 11,000.00 Book March 25 2001 $ 62.00 Print 80 120 2001 $ 50 00 $ 55.00 $.0000 $ 02.00 Terences 4.400,00 7,200.00 12,400.00 $ 24 000.00 March 29 30 30 $50,00 $55,00 $ 60 00 $6200 4,400.00 0.00 0.00 $400.00 $ 50.00 $55.00 $ 50 00 $6200 3 200 12,400.00 $ 12,400.00 S Tolak $ 27.000.00 $ 12.400.00 Perpetual LIFO > Search O R