Required information (The following information applies to the questions displayed below.) Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Units Sold at Retail Units Acquired at Cost 70 units @ $50.40 per unit 210 units @ $55.40 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 230 units @ $85.40 per unit 70 units @ $60.40 per unit 120 units @ $62.40 per unit 100 units @ $95.40 per unit 330 units 470 units equired: Compute cost of goods available for sale and the number of units available for sale. Cost of Goods Available for Sale # of units Cost per Cost of Goods Available Unit for Sale eginning inventory urchases: March 5 March 18 March 25 Next > 70 units 120 units @ Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 470 units 2. Compute the number of units in ending inventory. Ending inventory units Saved Help 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 50 units from beginning inventory and 180 units from the March 5 purchase; the March 29 sale consisted of 30 units from the March 18 purchase and 70 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. Perpetual FIFO: Goods Purchased # of Cost perl # of units units unit sold Cost of Goods Sold cost per cost of Goods Sold unit - Inventory Balance Cost per inventory #of units unit Balance 70 @ $50.40 = $ 3,528.00 Date March 1 March 5 March 9 March 18 !!! Next > Required information Perpetual FIFO: Goods Purchased # of Cost per units unit Date # of units sold Cost of Goods Sold Cost per unit Cost of Goods Sold Inventory Balance # of units Cost per Inventory unit Balance 70 @ $50.40 - $ 3,528.00 March 1 March 5 March 9 - March 18 March 25 March 29 34 of 8 Next > Required information March 9 March 18 March 25. March 29 $ 0.00 Totals Perpetual LIFO Perpetuel FIFO PT Next 2 Required information Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using LIFO. Perpetual LIFO: Goods Purchased Cost of Goods Sold Date # of Cost per or units Cost per cost of Goods Sold units unit sold March 1 of unit Inventory Balance of units ope ventory unit Balance - 70 @ $50.40 - $ 3,528.00 cost of Goods Sold March 5 March 9 March 18 March 25 2 . !! Next > - Homework i Saved Required information March 18 March 25 March 29 0.00 Totals Required information Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places.) Weighted Average Perpetual: Goods Purchased # of Date Cost per units unit March 1 # of units sold Cost of Goods Sold Cost per cost of Goods Sold unit Inventory Balance #of units Inventory Balance - 70 @ $50.40 = $ 3,528.00 March 5 . + Average March 9 March 18 T Average March 25 $ 0.00 March 29 Totals 3 4 of 8 Proy Next > Required information Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using specific identification. For specific identification, the March 9 sale consisted of 50 units and 180 units from the March 5 purchase; the March 29 sale consisted of 30 units from the March 18 purchase and 70 units from the March Specific Identification: Goods Purchased Date # of Cost per units unit March 1 March 5 # of units sold Cost of Goods Sold Cost per Cost of Goods unit Sold Inventory Balance # of units Cost per Inventory Balance unit 70 @ $50.40 - $ 3,528.00 March 9 March 18 March 25 34 of 8 Prev