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 90 units @ $50.80 per unit 220 units @ $55.80 per unit 250 units @ $85.80 per unit Date Activities ACT Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 80 units @ $60.80 per unit 140 units @ $62.80 per unit 120 units @ $95.80 per unit 370 units 530 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 60 units from beginning inventory and 190 units from the March 5 purchase; the March 29 sale consisted of 40 units from the March 18 purchase and 80 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: Cost of Goods Sold Goods Purchased # of Cost per units unit Date # of units sold Cost per cost of Goods Sold unit Cost of Goods Sold Inventory Balance # of units #of units Cost per Inventory unit Balance 90 @ $50.80 = $ 4,572.00 March 1 March 5 March 9 March 18 March 25 March 29 Totals $ 0.00 Perpetual LIFO: Goods Purchased # of Cost per units unit Cost of Goods Sold Cost per Cost per cost of Goods Sold Date # of units sold Inventory Balance # of units Cost per Inventory unit Balance 90 @ $50.80 = $ 4,572.00 March 1 March 5 March 9 March 18 March 25 March 29 Totals $ 0.00 Weighted Average Perpetual: Goods Purchased Date # of Cost per units unit March 1 March 5 # of units sold Cost of Goods Sold Cost per cost of Goods Sold unit Inventory Balance # of units ite Cost per Inventory Balance 90 @ $50.80 = $ 4,572.00 unit Average March 9 March 18 Average March 25 March 29 Totals $ 0.00 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 90 @ $50.80 = $ 4,572.00 March 5 March 9 March 18 March 25 March 29 Totals $ 0.00