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 Activities Beginning inventory Purchase Units Acquired at Cost Units sold at Retail March 9 Sales March 18 March 25 March 29 Purchase Purchase Sales Totals 90 units 220 units 80 units $60.00 per unit 140 units #062.80 per unit 530 units $50.80 per unit $55.00 per unit 250 units $85.00 per unit 120 unite $95.00 per unit 370 units 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (d) weighted average, and (d) specific identification. For specific identification, units sold include 60 units from beginning inventory, 190 units from the March 5 purchase, 40 units from the March 18 purchase, and 80 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 LIFO Perpetual LIFO Goods Purchased Cost of Goods Sold Date # of units Cost per unit of units sold unit Cost per Cost of Goods Sold W of units Inventory Balance Cost per unit Inventory Balance Compute the cost assigned to ending inventory using LIFO. Goods Purchased Perpetual LIFO: Cost of Goods Sold Date # of units Cost per unit # of units sold Cost per unit Cost of Goods Sold # of units unit March 1 March 5 90 at $ 50.80= 220 at $55.80 901 at $ 50.80= 220 at $55.80 = Total March 5 Inventory Balance Cost per Inventory Balance $ 4,572.00 $ 4,572.00 12,276.00 $ 16,848.00 March 9 Total March 9 March 18 Total March 18 March 25 Total March 25 March 29 80 at $60.80 140 at $ 62.80 at at $50.80 $ 0.00 at $ 50.80= $55.80 0.00 at $55.80= at $ 50.80 at $55.80 at $60.80 at $ 50.80 at $55.80 at $ 60.80 at $62.80 March 1 March 5 Total March 5 March 9. Total March 9 March 18 Total March 18 March 25 Total March 25 March 29 Total March 29 Totals 220 at $55.80 80 at $60.80 140 at $62.80 90 at $ 50.80= $ 4,572.00 90 at $ 50.80= $ 4,572.00 220 at $55.80= 12,276.00 $ 16,848.00 at $ 50.80 = $ 0.00 at $ 50.80= at $55.80 = 0.00 at $55.80= $ 0.00 at $ 50.80 at $55.80 at $ 60.80 at $ 50.80 at $ 55.80 at $ 60.80 at $62.80