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 Units Acquired at Cost 100 units @ $64.00 per unit 400 units @ $69.00 per unit Units Sold at Retail 420 units @ $99.00 per unit 120 units @ $74.00 per unit 200 units @ $76.00 per unit 160 units @ $109.00 per unit Totals 820 units 580 units Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales 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. Perpetual FIFO: Goods Purchased Cost of Goods Sold # of Date Cost per units # of units sold unit Cost per unit Inventory Balance Cost Cost of Goods Sold # of units per Inventory Balance unit March 1 March 5 $ 100 @ = $6,400.00 64.00 $ 400 @ 69.00 100 S @ = $6,400.00 64.00 400 $ 69.00 = 27,600.00 $ 34,000.00 March 9 March 18 March 25 100 @ S 64.00 $ |= $ 6,400.00 @ 64.00 S 400 @ = 27,600.00 @ 69.00 69.00 $ 34,000.00 March 29 Totals $ 34,000.00 Perpetual FIFO *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted. Perpetual LIFO > Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using LIFO. Perpetual LIFO: Date March 1 March 5 March 9 March 18 March 25 March 29 Totals Cost of Goods Sold Cost Cost # of units Cost per per sold unit Cost of Goods Sold # of units per unit unit Inventory Balance Inventory Balance $ 100 @ = $ 6,400.00 64.00 Goods Purchased # of units 0.00 < Perpetual FIFO *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted. Weighted Average > Complete this question by entering your answers in the tabs below. Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places.) Weighted Average Perpetual: Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Goods Purchased Cost of Goods Sold Inventory Balance Cost Cost Cost Date # of units # of units Cost of Goods per sold per # of units Inventory per Sold Balance unit unit unit March 1 $ 100 @ |= $ 6,400.00 64.00 March 5 Average March 9 March 18 Average March 25 $ 0.00 < Perpetual LIFO *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted. March 29 Totals Specific Id> Compute the cost assigned to ending inventory using specific identification. For specific identification, the March 9 sale consisted of 80 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 Specific Identification: Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Goods Purchased Cost of Goods Sold Cost Cost Inventory Balance Cost # of Date # of units units per unit per sold Cost of Goods Sold # of units Inventory per unit unit Balance $ 100 @ = $ 6,400.00 64.00 March 1 March 5 March 9 March 18 March 25 March 29 133 $ 0.00 * * * * < Weighted Average *Red text indicates no response was expected in a cellor. formula-based calculation is incorrect: no points deducted Totals Specific Id> 6 Part 4 of 4 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. 0/15 points awarded Scored Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Units Acquired at Cost 100 units @ $64.00 per unit 400 units @ $69.00 per unit Units Sold at Retail 420 units @ $99.00 per unit 120 units @ $74.00 per unit 200 units @ $76.00 per unit Totals 820 units 160 units @ $109.00 per unit 580 units eBook Print 4. Compute gross profit earned by the company for each of the four costing methods. 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. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.) References Gross Margin Sales FIFO LIFO Avg. Cost Spec. ID Less: Cost of goods sold Gross profit *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted