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 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 Totals 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. Complete this question by entering your answers in the tabs below. Perpetual FIFO: Goods Purchased # of Cost per units unit # of units sold Cost of Goods Sold Cost per Cost of Goods Sold unit Date March 1 March 5 Inventory Balance Cost per Inventory # of units unit Balance 70 @ $ 50.40 = $ 3,528.00 March 9 March 18 March 25 March 29 Totals Goods Purchased # of Cost per units unit Cost of Goods Sold Cost per Cost of Goods Sold unit Cost per Date # of units sold Inventory Balance # of units Inventory unit Balance 70 @ $ 50.40 = $ 3,528.00 March 1 March 5 March 9 March 18 March 25 March 29 Totals Inventory Balance Weighted Average Perpetual: Goods Purchased Cost of Goods Sold Date # of Cost per # of units Cost per cost of Goods Sold units unit sold unit March 1 # of units Cost per Inventory Balance unit $ 50.40 = 70 @ $ 3,528.00 March 5 Average March 9 March 18 Average March 25 March 29 Totals Cost per Specific Identification: Goods Purchased # of Date units unit March 1 March 5 Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Inventory Balance # of units Cost per Inventory Balance unit 70 $ 50.40 = $ 3,528.00 March 9 March 18 March 25 March 29 Totals