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 200 units $53.00 per unit 275 units @ $58.00 per unit Date March 1 March 5 March 9 March 18 March 25 March 29 Activities Beginning inventory Purchase Sales Purchase Purchase Sales 360 units @ $88.00 per unit 135 units & $63.00 per unit 250 units ? $65.00 per unit 230 units & $98.00 per unit 590 units Totals 860 units 3. Compute the cost assigned to ending inventory using (a) FIFO. (6) LIFO. () weighted average, and (d) specific identification. For specific identification, units sold include 115 units from beginning inventory, 245 units from the March 5 purchase, 95 units from the March 18 purchase, and 135 units from the March 25 purchase. Answer is complete but not entirely correct. 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: Cost of Goods Sold Cost Cost of Goods per Sold unit Goods Purchased Cost # of units per unit Date # of units sold concernant March 1 Inventory Balance Cost # of units Inventory per Balance unit $ 200 at = S 53.00 10,600.00 $ S S 200 at 53.00 10,600.00 $ 275 at = 15,950.00 58.00 $ 26,550,00 $ 275 at March 5 58.00 Total March 5 5 200 at $ 10,600.00 March 9 S 53.00 IS 58.00 0 at 0 o at $ 53.00 $ 58.00 OC o at = 0.00 Total March 9 9 $ 10.600.00 135 at $ 63.00 0 at March 18 0 at 135 at $ 53.00 $ 58.00 $ 63.00 8,505.00 $ 8,505.00 Total March 18 250 at $ 65.00 0 at 0 % at March 25 $ 53.00 $ 58.00 $ 63.00 $ 65.00 8,505.00 135 at 250 at = 16,250.00 Total March 25 S 24.755.00 0 at Is 0.00 0 at 65 x at 3,770.00 March 29 $ 53.00 IS 58.00 IS 63.00 S 65.00 "" 0 at 0 o at $ 53.00 $ 58.00 $ 63.00 $ 65.00 55 at 3,465.00 0 at 0.00 250 at = 16,250.00 3. Compute the cost assigned to ending inventory using (a) FIFO, () LIFO, (c) weighted average, and (d) specific identification. For specific identification, units sold include 115 units from beginning inventory, 245 units from the March 5 purchase, 95 units from the March 18 purchase, and 135 units from the March 25 purchase. complete this question by entering your answers in the tads Delow. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using LIFO. Perpetual LIFO: Cost of Goods Sold Cost Cost of Goods per Sold unit Goods Purchased Cost # of units # per unit Date # of units sold March 1 Inventory Balance Cost # of units Inventory per unit Balance $ 200 at $ 10,600.00 53.00 $ 200 at 53.00 = $ 10,600.00 Is 275 at = 58.00 15,950.00 $ 26,550.00 275 at $ 58.00 March 5 Total March 5 55 at = $ 2.915.00 60 X at = $ 3,180.00 March 9 $ 53.00 $ 58.00 IS 53.00 $ 58.00 275 at 15,950.00 0 at Total March 9 $ 18,865.00 $ 3,180.00 135 lat $ 63.00 60 at = $ $ 3,180.00 March 18 oat $ $ 53.00 $ 58.00 $ 63.00 135 at Total March 18 8,505.00 $ 11,685.00 = $ 2.915.00 250 at $ 65.00 55 at 00 at March 25 IS 53.00 $ 58.00 s 63.00 s 65.00 135 at 8,505.00 250 at 16,250.00 $27,670.00 Total March 25 at = 0.00 10 X at s 530.00 0 o at 0.00 oat March 29 $ 53.00 $ 58.00 $ 63.00 $ 65.00 $ 53.00 IS 58.00 $ 63.00 $ 65.00 70 at = 4.410.00 135 at = 8,505.00 50 at 3,250.00 10 X at 650.00 $ 7,660.00 Total March 29 Totals $ 9,685.00 $ 9,685.00 $ 26,525.00 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 weighted average. (Round your average cost per unit to 2 decimal places.) Weighted Average Perpetual: Cost of Goods Sold Inventory Balance Date Goods Purchased Cost # of units per unit # of units sold Cost per unit Cost of Goods Sold # of units Cost per unit Inventory Balance March 1 200 at $ 53.00 = $ 10,600.00 275 at $ 58.00 200 at $ 53.00 $ 10,600.00 March 5 275 at $ 58.00 15,950.00 Average March 5 475 at $ 54.00 x = $ 26,550.00 March 9 360 at $ 88.00 X $ 31,680.00 55 X at $ 54.00 x = $ 2,970.00 135 at $ 63.00 55 at $ 54.00 $ 2,970.00 March 18 135 at $ 63.00 = 8,505.00 Average March 18 190 at $ 60.00 X = $ 11,475.00 250 at 250 at $ 60.00 = $ 15,000.00 March 25 65.00 250 at $ 65.00 = 16,250.00 Average March 25 500 at $ 55.00 x = $ 31,250.00 March 29 230 at $ 98.00 X 55 X at $ 58.00 X = $ 3,190.00 $ 22,540.00 $ 54,220.00 Totals Answer is complete but not entirely correct. 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 specific identification. For specific identification, units sold include 115 units from beginning inventory, 245 units from the March 5 purchase, 95 units from the March 18 purchase, and 135 units from the March 25 purchase. Specific Identification: Goods Purchased Cost of Goods Sold Inventory Balance Date # of units # of units Goods Puchased Cost of Goods Sold # of units Inventory Balance sold March 1 200 at 10 X at $ 530.00 10 X at $ 530.00 Cost per unit $ 53.00 $ 58.00 $ 63.00 $ 10,600 15,950 March 5 275 at 55 X at Cost per unit $ 53.00 $ 58.00 $ 63.00 $ 65.00 3,190.00 55 X at Cost per unit $ 53.00 $ 58.00 $ 63.00 $ 65.00 = 3,190.00 135 at = 8,505 30 X at = 1,890.00 30 X at = 1,890.00 March 18 March 25 250 at $ 16,250 135 at 8,775.00 135 x at 8,775.00 65.00 Totals $ 14,385.00 14,385.00