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 Units Acquired at Cost 190 units @$52.80 per unit 270 units @$57.80 per unit 130 units @$62.80 per unit 240 units $64.80 per unit Totals 830 units Units Sold at Retail 350 units @ $87.80 per unit. 220 units @ $97.80 per unit 570 units 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (c) specific identification. For specific identification, units sold include 110 units from beginning inventory, 240 units from the March 5 purchase, 90 units from the March 18 purchase, and 130 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Required information 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.) Weighted Average Perpetual: Goods Purchased Cost of Goods Sold Date # of units Cost per unit # of units Cost per unit Cost of Goods Sold # of units sold 190 at March 11 March 5 Average March 5 March 9 March 18 Average March 18 March 25 Average March 25 March 29 Totals $ 0.00 Inventory Balance Cost per unit Inventory Balance $ 52.80= $ 10,032.00 < Prev 3 4 of 4 Next > Goods Purchased Perpetual FIFO: Cost of Goods Sold Date # of units Cost per unit # of units sold unit Cost per Cost of Goods Sold # of units unit 190 at March 1 270 at $57.80 190 at $52.80= March 5 270 at $57.80= Total March 5 Inventory Balance Cost per $52.80 Inventory Balance $10,032.00 $ 10,032.00 15,606.00 $ 25,638.00 March 9 Total March 9 130 at $62.80 March 18 Total March 18 March 25 Total March 25 240 at $64.80 190 at 160 at $52.80 $57.80 $ 10,032.00 $ 9,248.00 19,280.00 0 at 110 at $52.80 $57.80= 6,358.00 $ 6,358.00 O at 110 at $52.80 $57.80= 6,358.00 130 at $62.80= 8,164.00 $ 14,522.00 0 at $52.80 110 at $ 57.80 130 at $62.80= 240 at $ 64.80= 6,358.00 8,164.00 15,552.00 $ 30,074.00 190 at $52.80 $ 10,032.00 at $52.80 130 at $62.80 0] at March 18 110 at 130 at $52.80 $57.80 = 6,358.00 $62.80= 8,164.00 Total March 18 $ 14,522.00 240 at $ 64.80 March 25 0 at 110 at 130 at $52.80 $57.80= $62.80= 6,358.00 8,164.00 240 at $ 64.80= 15,552.00 Total March 25 $ 30,074.00 190 at $52.80 $ 10,032.00 at $52.80 at $57.80 0.00 at $57.80 March 29 $62.80 0.00 at $62.80 at $ 64.80 0.00 at $ 64.80 Total March 29 Totals $ 10,032.00 $ 29,312.00 Perpetual LIFO: Goods Purchased Cost of Goods Sold Date # of units Cost per unit # of units sold Cost per Cost of Goods Sold # of units unit March 1 March 5 Total March 5 March 9 Total March 9 March 18 Total March 18 March 25 Total March 25 + 190 at Inventory Balance Cost per unit Inventory Balance $52.80= $ 10,032.00 Total March b March 9 Total March 9 March 18 Total March 18 March 25 Total March 25 March 29 Total March 29 Totals 0.00 < Perpetual FIFO Weighted Average > 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 110 units from beginning inventory, 240 units from the March 5 purchase, 90 units from the March 18 purchase, and 130 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using specific identification. For specific identification, units sold include 110 units from beginning in units from the March 5 purchase, 90 units from the March 18 purchase, and 130 units from the March 25 purchase. Specific Identification Goods Available for Sale Cost of Goods Sold Date # of units Cost per unit Cost of Goods of units Cost per Available for sold unit Cost of Goods Sold Sale # of units in ending Inventory Ending Inventory Cost per unit Ending Inventory March 1 March 5 $ 0 $ 0.00 $ 0 $ 0.00 $ 0 0 0.00 0 0.00 0 March 18 March 25 0 0.00 0 0.00 0 Total 0 0 $ 0 0.00 0 $ 0 0 $ 0