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 150 units $52.00 per unit 250 units $57.00 per unit Units Sold at Retai1 Date 1 Beginning inventory 5 Purchase Mar. Mar. 310 units e $87.00 per unit Mar. 9 Sales 110 units $62.00 per unit 200 units@ $64.00 per unit Mar. 18 Purchase Mar. 25 Purchase 180 units $97.00 per unit Mar. 29 Sales 710 units 490 units Totals 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 90 units from beginning inventory and 220 units from the March 5 purchase; the March 29 sale consisted of 70 units from the March 18 purchase and 110 units from the March 25 purchase. ed toe Complete this question by entering your answers in the tabs below Perpetual Perpetual Weighted Average Specific Id FIFO LIFO Compute the cost assigned to ending inventory using specific identification. For specific identification, the March 9 sale consisted of 90 units from beginning inventory and 220 units from the March 5 purchase; the March 29 sale consisted of 70 units from the March 18 purchase and 110 units from the March 25 purchase. Specific Identification: Goods Purchased Inventory Balance Cost of Goods Sold of units sold #of Cost Cost Cost of Goods Cost Inventory Balance Date # of units units Sold per unit per unit per unit $52.00 $ 150 March 1 7,800.00 7,800.00 250 150 @ $57.00 March 5 $52.00 $57.00 250@ 14,250.00 22,050.00 $52.00 March 9 90 4,680.00 $52,00 $57.00 220 $57.00 12,540.00 $17,220.00 March 18 $62.00 $52.00 110 $57.00 110 @ $62.00 6,820.00 6,820.00 200 $64.00 March 25 $52.00 $57.00 $62.00 110 6,820.00 $64.00 = 200@ 12,800.00 19,620.00 0@ $52.00 March 29 S 0.00 $52.00 = $57.00 0.00 $57.00 = 70@ 4,340.00 $62.00 $62.00 $64.00 110@ $64.00= 90@ 7,040.00 $ 11,380.00 $ 28,600.00 5,760.00 5,760.00 Totals S 5,760.00