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 Units Sold at Retail Activities Units Acquired at Cost March 1 March 5 March 9 March 18 March 25 March 29 Sales Purchase Purchase Sales Beginning inventory Purchase 100 units $50 per unit 400 units $55 per unit 420 units $85 per unit 120 units 200 units $60 per unit $62 per unit Totals 820 units 160 units $95 per unit 580 units 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO. (d) weighted average, and (d) specific identification. For Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Goods Purchased Cost of Goods Sold Date # of units Cost per unit # of units sold unit Cost per Cost of Goods Sold # of units Cost per unit Inventory Balance Inventory Balance March 1 100 at $ 50.00 $ 5,000.00 100 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 $ 0.00 $ 0.00 Perpetual FIFO Perpetual LIFO > Average www Compute the cost assigned to ending inventory using LIFO. Goods Purchased Date Cost per # of units unit # of units sold Perpetual LIFO: Cost of Goods Sold 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 400 at $68.00 unit Cost per Cost of Goods Sold Inventory Balance Cost per # of units unit Inventory Balance 100 at $50.00 $ 5,000.00 at $50.00 at $68.00 $ 0.00 Weighted Average > 3. Compute the cost assigned to ending inventory using ( FIFO, (b) LIFO. (d) weighted average, and (d) specific identification. For specific identification, units sold include 80 units from beginning inventory, 340 units from the March 5 purchase. 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 specific identification. For specific identification, units sold include 80 units from beginning inventory, 340 units from the March 5 purchase, 40 units from the March 18 purchase, and 120 units from the March 25 purchase. Specific identification Goods Purchased Cost of Goods Sold reventory Balance Date of units Cost per March 11 100 at $50.00 March 5 400 $55.00- Goods Puchased $5,000 22.000 of units sold Cost per Cast of Goods Sold unit of units Cost par Inventory Balance 550.00 $ 0.00 $55.00 at March 18 120 $60.00 March 25 200 $82.00 " 7,200 $ 12,400 $60.00 - 0.00 $50.00 $55.00 $00.00 $ 0.00 0.00 $62.00 $62.00 Total $ 000 Weighted Average $ 0.00