Required information [The following information applies to the questions displayed below.] Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March. Date Activities Mar. Mar. 1 Beginning inventory 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Units Acquired at Cost 110 units @ $45 per unit 410 units @ $50 per unit 140 units @ $55 per unit 220 units @ $57 per unit Units Sold at Retail 430 units @ $80 per unit Totals 880 units 180 units @ $90 per unit 610 units For specific identification, the March 9 sale consisted of 60 units from beginning inventory and 370 units from the March 5 purchase; the March 29 sale consisted of 50 units from the March 18 purchase and 130 units from the March 25 purchase. 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. (Round your "average cost per unit" to 2 decimal places.) a) Periodic FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of # of units Cost per unit Goods Available # of units Cost per sold unit Cost of Goods Sold # of units in ending inventory Cost per unit Ending Inventory for Sale $ 0 $ 0.00 $ 0 $ 0.00 $ 0 Beginning inventory Purchases: March 5 March 18 March 25 Total 0 0 $ 0.00 0 $ 0.00 0 0 0.00 0 $ 0.00 0 0 0 $ 0.00 0 0 0 b) Periodic LIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of # of units Cost per unit Goods Available # of units sold Cost per unit Cost of Goods Sold # of units in ending inventory Cost per unit Ending Inventory for Sale Beginning inventory $ 0 Purchases: March 5 March 18 March 25 Total 0 0 0 0 0 c) Average Cost Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of # of units Average Cost per unit Goods Available for Sale # of units sold Average Cost per Unit Cost of # of units in Goods Sold ending inventory Average Cost per unit Ending Inventory Beginning inventory Purchases: March 5 March 18 March 25 Total $ 0 $ 0 d) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory # of units Cost per unit Cost of Goods Available for Sale # of units sold Cost per unit Cost of Goods # of units in Sold ending inventory Cost per unit Ending Inventory $ 0 $ Beginning inventory Purchases: March 5 March 18 March 25 Total 0 0 0 0 0 0 0 0