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 230 units @ $85.40 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 70 units @ $60.40 per unit 120 units @ $62.40 per unit 100 units @ $95.40 per unit 330 units 470 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 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. Compute the cost assigned to ending Inventory using FIFO. Perpetual FIFO: Cost of Goods Sold Goods Purchased # of Cost per units unit Date # of units sold Cost per cost of Goods Sold Cost per cost of unit Inventory Balance Cost per Inventory # of units unit Balance 70 @ $50.40 = $ 3,528.00 March 1 March 5 March 9 March 18 March 25 March 29 Totals Compute the cost assigned to ending inventory using LIFO. .. Perpetual LIFO: Goods Purchased # of Cost per units unit Cost of Goods Sold Cost per cost of per cost of Goods Sold unit Date # of units sold Inventory Balance Cost per Inventory # of units unit Balance 70 @ $50.40 = $ 3,528.00 March 1 March 5 March 9 March 18 March 25 March 29 Totals 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 Cost per Date units unit March 1 Cost of Goods Sold # of units Cost per cost of Goods Sold sold unit Inventory Balance # of units Cost per Inventory Balance 70 @ $50.40 = $ 3,528.00 unit March 5 Average March 9 March 18 Average March 25 March 29 Totals Compute the cost assigned to ending inventory using 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. Specific Identification: Goods Purchased Date # of Cost per units unit March 1 Cost of Goods Sold # of units Cost per cost of Goods sold unit Sold Inventory Balance # of units cost per Inventory Balance 70 @ $50.40 = $ 3,528.00 March 5 March 9 March 18 March 25 March 29 Totals