Required information [The following information applies to the questions displayed below.] Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March. Date March 1 March 5 Activities Beginning inventory Purchase Units Acquired at Cost 135 units @ $70 per unit Units Sold at Retail 435 units March 9 Sales March 18 March 25 March 29 Purchase Purchase Sales 190 units 270 units @ $75 per unit @$80 per unit @ $82 per unit 455 units @ $105 per unit Totals 1,030 units 230 units $115 per unit 685 units For specific identification, units sold include 80 units from beginning inventory, 375 units from the March 5 purchase, 75 units from the March 18 purchase, and 155 units from the March 25 purchase. 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. (Round your "average cost per unit" to 2 decimal places.) Beginning inventory Purchases: March 5 March 18 March 25 Total b) Periodic LIFO Beginning inventory Purchases: March 5 March 18 March 25 Total c) Average Cost # of units Cost per unit Cost of Goods Available for Sale Cost of Goods Available Cost of Goods Sold Ending Inventory # of units Cost per sold unit Cost of Goods Sold # of units in Cost per for Sale ending inventory unit Ending Inventory 135 $ 70.00 $ 9,450 0 $ 0.00 $ 0 $ 0.00 $ 0 0 $ 0.00 0 $ 0.00 0 0 $ 0.00 0 $ 0.00 0 0 0 $ 0.00 0 135 $ 9,450 Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory # of units Cost per unit Cost of Goods # of units Available sold Cost per unit Cost of Goods Sold # of units in ending inventory Cost per unit Ending Inventory for Sale 135 $ 70.00 $9,450 $ 0 135 $ 9,450 Cost of Goods Sold Average Cost per Unit Beginning inventory Purchases: March 5 Cost of Goods Available for Sale Average # of units Cost per unit 135 Cost of Goods Available for Sale $ 9,450 # of units sold March 18 March 25 Total Ending Inventory Average Cost per unit Cost of Goods Sold # of units in ending inventory 0 0 0 Ending Inventory 135 $ 9.450 $ $ Total d) Specific Identification Beginning inventory Purchases: March 5 March 18 March 25 Total 135 $ 9,450 0 Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of # of units Cost per unit Goods Available # of units Cost per sold unit Cost of Goods Sold # of units in ending inventory Cost per unit Ending Inventory for Sale 135 $ 70.00 $ 9,450 $ 70.00 $ 0 $ 70.00 $ 0 0 0 0 0 0 0 135 $ 9,450 0 0