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 March 9 Sales March 18 March 25 March 29 Purchase Purchase Sales Totals Units Acquired at Cost 160 units @ $52.20 per unit Units Sold at Retail 255 units $57.20 per unit 320 units @ $87.20 per unit 115 units 210 units @ $62.20 per unit $64.20 per unit 740 units 190 units @ $97.20 per unit 510 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 95 units from beginning Inventory, 225 units from the March 5 purchase, 75 units from the March 18 purchase, and 115 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. Inventory Balance Cost per unit Inventory Balance $52.20= $ 8,352.00 Perpetual FIFO: Goods Purchased Date # of units Cost per unit # of units sold Cost of Goods Sold Cost per unit Cost of Goods Sold # of units March 1 160 at 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 < Perpetual FIFO Perpetual LIFO > 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 Activities Beginning inventory Purchase March 5 March 9 March 18 March 25 March 29 Sales Purchase Purchase Sales Totals Units Acquired at Cost 160 units @ $52.20 per unit Units Sold at Retail 255 units $57.20 per unit 320 units @ $87.20 per unit 115 units 210 units @ $62.20 per unit $64.20 per unit 740 units 190 units @ $97.20 per unit 510 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 95 units from beginning Inventory, 225 units from the March 5 purchase, 75 units from the March 18 purchase, and 115 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. Goods Purchased Date # of units Cost per unit # of units sold Perpetual LIFO: Cost of Goods Sold Cost per unit Inventory Balance Cost of Goods Sold # of units March 1 160 at Cost per unit $52.20 = Inventory Balance $ 8,352.00 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 < Perpetual FIFO Weighted Average >