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 Unita Sold at Retail Units Acquired at Cost 210 units 553.20 per unit 280 units $58.20 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 370 units e $88.20 per unit 140 units e $63.20 per unit 260 unitse $65.20 per unit 890 units 240 units e $98.20 per unit 610 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 120 units from beginning inventory and 250 units from the March 5 purchase; the March 29 sale consisted of 100 units from the March 18 purchase and 140 units from the March 25 purchase. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Goods Purchased # of units unit Date Cost per # of units sold Cost of Goods Sold Cost per unit Cost of Goods Sold Inventory Balance # of units Cost per Inventory unit Balance 210 @ $ 53.20 = $ 11,172.00 March 1 March 5 March March 18 March 25 1 March 20 March 25 March 29 Totals $ 0.00 Perpetual FIFO Perpetual LIFO >