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 Date Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals Units Acquired at Cost 180 units @ $52.60 per unit 265 units @ $57.60 per unit 125 units @ $62.60 per unit 230 units @ $64.60 per unit 800 units Units Sold at Retail 340 units @ $87.60 per unit 210 units @ $97.60 per unit 550 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 105 units from beginning inventory and 235 units from the March 5 purchase; the March 29 sale consisted of 85 units from the March 18 purchase and 125 units from the March 25 purchase. Perpetual FIFO: Goods Purchased March 1 March 5 # of Date units March 9 March 18 March 25 March 29 Totals Cost of Goods Sold Inventory Balance Cost per unit # of units sold Cost per unit Cost of Goods Sold Cost per # of units unit Inventory Balance 180 @ $ 52.60 = $ 9,468.00 $ 0.00