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 March 18 March 25 March 29 Sales Units Acquired at Cost $50 per unit $55 per unit Units Sold at Retail Activities Beginning inventory Purchase 100 units 400 units 420 units $85 per unit Purchase Purchase Sales 120 units 200 units $60 per unit $62 per unit Totale 820 units 160 units $95 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, units sold include 80 units from beginning inventory, 340 units from the March 5 purchase, 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 Check my work Required information March 1 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 Inventory Balance Cost per Inventory Balance unit 100 at $50.00 $ 5,000.00 400 at $55.00 100 at $ 50.00= $ 5,000.00 400 at $ 55.00 March 5 Total March 5 March 9 Total March 9 March 18 Total March 18 March 251 Total March 25 100 at $50.00 $ 5,000.00 at $ 50.00 $55.00 0.00 at $ 55.00 = $ 5,000.00 22,000.00 $27,000.00 22,000.00 $ 22,000.00 Required information March 18 Total March 18 March 25 Total March 25 March 291 Total March 29 Totals $ 5,000.00 $ 0.00 Perpetual FIFO Perpetual LIFO > 4 ces Required iNTONIAJON Goods Purchased Date Cost per # of units # of units unit sold March 11 March 5 Total March 5 March 9 Total March 9 March 18 Total March 18 March 25 Total March 25 Perpetual LIFO Cost of Goods Sold unit Cost per Cost of Goods Sold Inventory Balance Cost per # of units Inventory Balance unit 100 at $50.00 $ 5,000.00 Prev 38 39 0.43 Next> Required information Total March 9 March 18 Total March 18 March 25 Total March 25 March 29 Total March 29 Totals + $ 0.00