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 Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Units Acquired at Cost 100 units @ $63.00 per unit 400 units @ $68.00 per unit Units Sold at Retail 420 units @ $98.00 per unit Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales 120 units @ $73.00 per unit 200 units @ $75.00 per unit Totals 820 units 160 units @ $108.00 per unit 580 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 80 units from beginning inventory and 340 units from the March 5 purchase; the March 29 sale consisted of 40 units from the March 18 purchase and 120 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 FIFO. Required information Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Goods Purchased Cost of Goods Sold Date # of units Cost per unit # of units sold Cost per Cost of Goods Sold # of units unit unit Inventory Balance Cost per Inventory Balance March 1 100 @ $ 63.00 $ 6,300.00 March 5 400 @ $68.00 100 @ 400 @ $ 63.00 = $ 6,300.00 $68.00 27.200.00 March 9 March 18 120 @ $73.00 March 25 200 @ $75.00 March 29 Totals 100 @ 400 @ $ 63.00 $68.00 $ 6.300.00 0@ $ 63.00 27.200.00 80 @ $ 33,500.00 $ 33,500.00 @ $ 33,500.00 $68.00 $ 63.00 $68.00 $73.00 5.440.00 $5.440.00 @ $ 63.00 @ $68.00 @ $73.00 @ $75.00 Required information Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using LIFO. Perpetual LIFO: Goods Purchased Cost of Goods Sold # of Date units Cost per unit # of units sold unit Cost per Cost of Goods Sold # of units Inventory Balance Cost per unit Inventory Balance 100 @ $ 63.00 == $ 6,300.00 March 1 March 5 March 9 March 18 March 25 March 29 Totals 0.00 Required information Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Weighted Average Compute the cost assigned to ending memory my weighted average. (Round your average cost per unit to 2 decimal places.) Weighted Average Perpetual: March 1 Goods Purchased Cost of Goods Sold Inventory Balance # of Date units Cost per unit # of units sold unit Cost per Cost of Goods Sold # of units unit Cost per Inventory Balance 100 @ $ 63.00 = $ 6,300.00 March 5 Average March 9 March 18 Average March 25 March 29 Totals $ 0.00 < Perpetual LIFO Specific Id> Commiete iis question by entering your answers in the Tabs below. Required information erpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using specific identification. For specific identification, the March 9 sale consisted of 8 and 340 units from the March 5 purchase; the March 29 sale consisted of 40 units from the March 18 purchase and 120 units from th Specific Identification: Goods Purchased Date # of units March 1 March 5 March 9 March 18 March 25 March 29 Cost of Goods Sold Cost per unit # of units sold Cost per unit Cost of Goods Sold # of units 100 @ Totals $ Weighted Average 0.00 Inventory Balance Cost per unit Inventory Balance $ 63.00 = $ 6,300.00