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 Units Sold at Retail 1 Beginning inventory 219 units @ $53.20 per unit 5 Purchase 280 units @ $58.20 per unit 9 Sales 370 units @ $88.20 per unit 140 units @ $63.20 per unit Mar. 25 Purchase 260 units @ $65.20 per unit 240 units @ $98.20 per unit Totals 890 units 610 units Date Mar. Mar. Mar. Mar. 18 Purchase Mar. 29 Sales 5 3. Compute the cost assigned to ending inventory using (a) FIFO. (b) LIFO. (c) weighted average, and (d) specific identification. F specific identification, the March 9 sale consisted of 120 units from beginning inventory and 250 units from the March 5 purchas March 29 sale consisted of 100 units from the March 18 purchase and 140 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. 3 of 4 Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Cost of Goods Sold Goods Purchased #of units unit Cost per # of units sold Cost per Date Cost of Goods Sold Inventory Balance Cost per Inventory # of units unit Balance 210 @ $53.20 = $ 11,172.00 unit March 1 SOK March 5 ences March 9 March 18 Mh76 March 18 March 25 March 29 Totals Perpetual LIFO > Compute the cost assigned to ending inventory using LIFO. Perpetual LIFO Goods Purchased # of units unit Cost per # of units sold Cost of Goods Sold Cost per Cost of Goods Sold unit Date Inventory Balance Cost per Inventory # of units unit Balance 210 @ $ 53.20 = $ 11,172.00 March 1 March 5 March 9 March 18 March 25 Cost of Goods Sold Inventory Balance Weighted Average Perpetual: Goods Purchased # of Date units unit March 1 Cost per Cost per # of units sold Cost per Cost of Goods Sold unit # of units Inventory Balance unit $53.20 = 11,172.00 210 @ March 5 Average March 9 March 18 Average March 25 March 29 Totals S