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 Activities Units Acquired at Cost Units Sold at Retail March 1 Beginning inventory 220 units @ $53.40 per unit March 5 Purchase 285 units @ $58.40 per unit March 9 Sales 380 units @ $88.40 per unit March 18 Purchase 145 units @ $63.40 per unit March 25 Purchase 270 units @ $65.40 per unit March 29 Sales 250 units @ $98.40 per unit Totals 920 units 630 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 125 units from beginning inventory, 255 units from the March 5 purchase, 105 units from the March 18 purchase, and 145 units from the March 25 purchase.Perpetual FIFO Perpetual LIFO Weighted Specific Id Average Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Goods Purchased Cost of Goods Sold Inventory Balance Date # of units Cost per # of units Cost per unit Cost of Goods Sold # of units Cost per Inventory unit sold unit Balance March 1 220 at $ 53.40 = $ 11,748.00 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 0.00 Perpetual FIFO Perpetual LIFO Weighted Specific Id Average Compute the cost assigned to ending inventory using LIFO. Perpetual LIFO: Goods Purchased Cost of Goods Sold Inventory Balance Date # of units Cost per # of units Cost per Cost per Inventory unit sold unit Cost of Goods Sold # of units unit Balance March 1 220 at $ 53.40 = $ 11,748.00 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 S 0.00 Perpetual FIFO Perpetual LIFO Weighted Specific Id Average Compute the cost assigned to ending inventory using specific identification. For specific identification, units sold include 125 units from beginning units from the March 5 purchase, 105 units from the March 18 purchase, and 145 units from the March 25 purchase. Specific Identification Goods Available for Sale Cost of Goods Sold Ending Inventory Date Cost of Goods # of units Cost per # of units Available for # of units Cost per Cost of in ending Cost per Ending unit Sale sold unit Goods Sold inventory unit Inventory March 1 0.00 $ 0 0.00 0 March 5 0.00 0.00 March 18 0 0.00 0 0.00 March 25 0.00 0 Total 0 69 0 0 $ 0 0 0