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. Units Sold at Retail Units Acquired at Cost 160 units @ $52.20 per unit 255 units @ $57.20 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales 320 units @ $87.20 per unit 115 units @ $62.20 per unit 210 units @ $64.20 per unit 190 units @ $97.20 per unit 510 units Totals 740 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 95 units from beginning inventory and 225 units from the March 5 purchase; the March 29 sale consisted of 75 units from the March 18 purchase and 115 units from the March 25 purchase. Lumpiece LIIIS quesLIUII Vy enleriy yuul duiswers il lile laus Deuw. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Cost of Goods Sold Goods Purchased # of Cost per units unit Date # of units sold Cost per cost of Goods Sold unit Inventory Balance | Hof unite # of units Cost per Inventory unit Balance 160 @ $ 52.20 = $ 8,352.00 March 1 March 5 March 9 March 18 Perpetual LIFO: Goods Purchased # of Cost per units unit Cost of Goods Sold Cost per conta Cost of Goods Sold unit Date # of units sold Inventory Balance Cost per Inventory # of units unit Balance 160 @ $ 52.20 = $ 8,352.00 March 1 March 5 March 9 March 18 March 25 March 29 Aveldye Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places.) Cost of Goods Sold Inventory Balance Weighted Average Perpetual: Goods Purchased # of Cost per Date units unit March 1 # of units Cost per cost of Goods Sold unit Cost per Inventory Balance sold # of units 160 @ unit $ 52.20 = | $ 8,352.00 March 5 Average March 9 March 18 Average March 25 March 29 Totals $ 0.00 Compute the cost assigned to ending inventory using specific identification. For specific identification, the March 9 sale consisted of 95 units and 225 units from the March 5 purchase; the March 29 sale consisted of 75 units from the March 18 purchase and 115 units from the March Specific Identification: Goods Purchased # of Cost per Date units unit March 1 March 5 Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Inventory Balance # of units Cost per e Inventory Balance unit 160 @ $ 52.20 = $ 8,352.00 March 9 March 18 March 25