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. Date March 1 March 5 March 9 March 18 March 25 March 29 Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals Units Acquired at Cost 220 units @ $53.40 per unit 285 units $58.40 per unit 145 units $63.40 per unit 270 units @ $65.40 per unit Units Sold at Retail 380 units $88.40 per unit 920 units 250 units $98.40 per unit 630 units 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, units sold include 125 units from beginning inventory, 255 units from the March 5 purchase, 105 units from the March 18 purchase, and 145 units from the March 25 purchase. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places.) March 1 March 5 Weighted Average Perpetual: Goods Purchased Cost of Goods Sold Date Cost per # of units # of units Cost per unit Cost of Goods Sold # of units unit sold Inventory Balance Cost per unit Inventory Balance 220 at $ 53.40= $ 11,748.00 Average March 5 March 9 March 18 Average March 18 March 25 Average March 25 March 29 Totals 285 at $ 58.40 6969 220 at $ 53.40 = $ 11,748.00 285 at $ 58.40 = 16,644.00 $ 28,392.00 505 at 380 at = 125 $ 0.00 Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using specific identification. For specific identification, units sold include 125 units from beginning inventory, 255 units from the March 5 purchase, 105 units from the March 18 purchase, and 145 units from the March 25 purchase. March 1 March 5 Specific Identification Goods Available for Sale Cost of Goods Sold Date # of units Cost per unit Cost of Goods Available for # of units sold Cost per unit Cost of Goods Sold Sale # of units in ending inventory Ending Inventory Cost per unit Ending Inventory $ 0 $ 0.00 $ 0 $ 0.00 $ 0 0 0.00 0 0.00 0 0 0.00 0 0.00 0 0 0.00 0 0 0 $ 0 0 $ 0 March 18 March 25 Total