Required information The following Information applies to the questions displayed below.) Wamerwoods Company uses a periodic Inventory system. It entered into the following purchases and sales transactions for March Date Activities Units Acquired at Cost units Solda Metall Mar. 1 Beginning inventory 188 units@ $5 per wit Mar 5 Purchase 488 unitse $per unit Mar. 9 Sales 420 units per unit Mar. 18 Purchase 128 units per unit Mar. 25 Purchase 288 units@ $62 per unit Mar. 29 Sales 15 units 305 per unit Totals 820 units 588 units For specific identification, the March 9 se 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. 3. Compute the cost signed to ending inventory using (FIFO. (6) LIFO. (c) weighted average, and (d) specific identification (Round your average cost per unit to 2 decimal places.) a) Periodio FIFO Coct of Goods Avallable for Sale Cost of Cost per Goods units unit Available for Sale 100S 50.00 5 5.000 Answer is not complete. Cost of Goods Bold Ending Inventory of Cost unite Cost per #of units of Coct per Ending In anding unit Gold Goods unit Inventory Bold Inventory 100 50.00 $5,000 DOS 0.00 0 55.00 22.000 56.00 OS 0.00 Beginning inventory Purchase March 5 March 18 March 25 Total 400 IS 120S 200$ 400S BOS 22.000 4,800 60.00 60.00 62.00 7.200 12.400 40 2005 240 60.00 62.00 0 2400 12.400 14.800 820 SO 580 IS 31,800 b) Periodio LIFO Ending Inventory Coct of Goods Available for sale Cost of #of Cost per Goode units unit Available for Sale 100 IS 50.00 5 5.000 of unite Gold Cost of Goods Bold Cost Cost per unit Goods Cort per unit # of units In anding Inventory 100 Ending Inventory Love O 50.00 5.000 Beginning inventory Purchases March 5 March 18 March 25 400 IS 55.00 0 IS 120 200 69.00 62.00 22.000 7.200 12.400 03 120ls 200ls 320 60.00 62.00 7.200 12,400 COOL IS 00 100 Total 46.500 19,600 5.000 ol Average Cost Ending Inventory Coct of Goods Available for sale Cost of #or Average Goods Unit Cost per unit Available for Sale 100 5.000 of units cold Cost of Goods Bold Cost Average Cost per Unit Goode Bold #of units In ending Inventory Average Coct per unit Ending Inventory 400 22.000 Beginning inventory Purchases: March 5 March 18 March 25 Total 120 200 7.200 12.400 820 $45.000 d) Speitia Identification Cost of Goods Bold Ending Inventory Cost Coct of Goods Available for sale Cost of #or Cost per Goode units unit Available for Sale 100 $ 50.00 5.000 units Gold Cost per unit Goode Bold #of units In anding Inventory Coct per unit Ending Inventory 0 50.00 5 0 400 Is 55.00 22.000 0 5 55.00 0 Beginning inventory Purchase March 5 March 18 March 25 Total 120 200 Is IS 60.00 62.00 7.200 12.400 60.00 62.00 0 0 46.500 0 0