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 Activities Units Acquired at Cost 100 units $51.00 per unit 225 units $56.00 per unit Units Sold at Retail Date Mar. Mar 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales 1 Beginning inventory 260 units $86.00 per unit 85 units$61.00 per unit 150 units$63.00 per unit 130 units $96.00 per unit 390 units Totals 560 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 65 units from beginning inventory and 195 units from the March 5 purchase; the March 29 sale consisted of 45 units from the March 18 purchase and 85 units from the March 25 purchase Compute the cost assigned to ending inventory using LIFO. Perpetual LIFO: Goods Purchased #of units Cost of Goods Sold Inventory Balance st per | unit # of units sold Co Cost per Cost of Goods Sold | Cost per unit Inventory Balance Date # of units unit March 1 100 $51.00$ 5,100.00 March 5 March 9 March 18 March 25 March 29 Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places.) Weighted Average Perpetual: oods Purchased #of units OS Goods Sold Inventory Balance Cost per unit | # of units Cost per Cost of Goods Sold | Cost per unit Date # of units Inventory Balance sold unit March 1 100$51.00$ 5,100.00 March 5 Average March 9 March 18 Average March 25 March 29 Totals 0.00 Compute the cost assigned to ending inventory using specific identification. For specific identification, the March 9 sale consisted of 65 units from beginning inventory and 195 units from the March 5 purchase the March 29 sale consisted of 45 units from the March 18 purchase and 85 units from the March 25 purchase. Specific Identification: Balance #of units Cost per | unit # of units sold Cost per unit Cost of Goods Sold Cost per unit Date # of units Inventory Balance March 1 100 $51.00 5,100.00 March 5 March 9 March 18 March 25 March 29 Totals 0.00