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. Activities Beginning inventory Purchase Date March 1 March 5 March 9 Sales March 18 March 25 Purchase Purchase March 29 Sales Totals Units Acquired at Cost 190 units @$52.80 per unit Units Sold at Retail 270 units 130 units 240 units $57.80 per unit $62.80 per unit $64.80 per unit 350 units @$87.80 per unit 830 units 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 (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 Sped Id Specific id Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Goods Purchased Date # of units unit Cost per # of units sold Cost of Goods Sold Cost per unit Cost per Cost of Goods Sold # of units March 1 190 at unit $52.80 Inventory Balance Inventory Balance $ 10,032.00 270 at $57.80 190 at $52 80= $ 10,032.00 March 51 270 at $57.80= 15,606 00 Total March 5 $ 25,638.00 at $52.80= $ 0.00 at $52.80 March 9 at $57.80 0.00 at $57.80 Total March 9 March 18 Total March 18 March 25 130 at $62.80 240 at $64.80 at $52.80 at $57.00 at $62.80 at $52.80 at $57.80 at $62.80 MOLLID Total March 9 March 18 Total March 18 March 25 Total March 25 March 29 Total March 29 Totals 130 at $62.80 240 at $64.80 at $57.80 0.00 at $57.80 at $52.80 at $57.80 at $62.80 at $52.80 at $57.80 at $ 62.80 at $ 64.80 S 0.00 Perpetual FIFO Perpetual LIFO > Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date March 1 March 5 Purchase Units Sold at Retail Activities Beginning inventory Units Acquired at Cost 190 units @ $52.80 per unit 270 units @ $57.80 per unit 350 units @$87.80 per unit Purchase Purchase Sales 130 units 240 units $62.80 per unit @ $64.80 per unit 220 units @ $97.80 per unit Totals 830 units 570 units March 9 Sales March 18:1 March 25 March 29 4. Compute gross profit earned by the company for each of the four costing methods. 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. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.) Gross Margin Sales Less Cost of goods sold Gross profit FIFO LIFO Weighted Average Specific ID