Required information [The following information applies to the questions displayed below.] Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March Date March 1 March 5 March 9 Activities Beginning inventory Purchase Units Acquired at Cost 150 units @ $40 per unit 450 units @ $45 per unit Units Sold at Retail Sales 470 units @ $75 per unit March 18 March 25 March 29, Sales Totals Purchase Purchase 220 units 300 units 1,120 units $50 per unit $52 per unit 260 units @ $85 per unit 730 units For specific identification, units sold include 40 units from beginning inventory, 430 units from the March 5 purchase, 90 units from the March 18 purchase, and 170 units from the March 25 purchase. 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. Note: Round your "average cost per unit" to 2 decimal places. a) Periodic FIFO Cost of Goods Available for Sale Beginning inventory Purchases: March 5 March 18 March 25 Total Cost of Goods Sold Ending Inventory of units Cost per unit Cost of Goods Available Cost of # of units in # of units sold Cost per unit Goods Sold ending Cost per Ending unit Inventory Inventory for Sale b) Periodic LIFO Cost of Goods Available for Sale # of units Cost per unit Cost of Goods Available for Sale Beginning inventory Purchases: March 5 March 18 March 25 Total Cost of Goods Sold Ending Inventory # of units sold Cost per unit Cost of Goods Sold # of units in ending Inventory Cost per unit Ending Inventory Average Cost Cost of Goods Available for Sale Beginning inventory Purchases March 5 March 18 March 25 Total Cost of Goods Sold Ending Inventory # of units Average Cost per unit Cost of Goods Available for Sale # of units sold Average: Cost per Cost of # of units in Unit Goods Sold ending inventory Average Cost per Ending Inventory unit d) Specific Identification Cost of Goods Available for Sale # of units Cost per unit Cost of Goods Available for Sale Beginning inventory Purchases: March 5 March 18 March 25 Total Cost of Goods Sold Ending Inventory # of units sold Cost per unit Cost of Goods Sold # of units in ending inventory Cost per unit Ending Inventory