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 100 units @ $50 per unit 400 units @ $55 per unit Date March 1 March 5 March 9 March 18 March 25 March 29 420 units @$85 per unit Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals 120 units 200 units @ $60 per unit @ $62 per unit 160 units 580 units @ $95 per unit 820 units 3. Compute the cost assigned to ending inventory using (a) FIFO, (6) LIFO, (c) 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 FIFO. Perpetual FIFO: Cost of Goods Sold Date Goods Purchased Cost per # of units # of units sold Cost per cost of Goods Sold Inventory Balance Cost per Inventory # of units unit Balance 100 at $ 50.00 $ 5,000.00 unit unit March 1 = 55 at $ 55.00 = March 5 100 at 100 at $ 50.00 $ 55.00 $ 5,000.00 5,500.00 $ 10,500.00 Total March 5 at leon nnl - non onl | t En An| A nnnnn Screenshot LUMTIDIELLIS uuestiun UV enlerin vuur answers in the Laus Dew. Required information Perpetual FIFO Perpetual LIFO "iyil Average Specific Id Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Cost of Goods Sold Date Goods Purchased Cost per # of units # of units unit sold Cost per Cost of Goods Sold unit Inventory Balance Cost per Inventory # of units unit Balance 100 at $ 50.00 $ 5,000.00 March 1 = 551 at $ 55.00 = March 5 100 at 100l at $ 50.00 $ 55.00 = $ 5,000.00 5,500.00 $ 10,500.00 Total March 5 at = $ at March 9 $ 50.00 $ 55.00 0.00 6,600.00 80 80 at $ 50.00 = $ 55.00 = 120 at $ 4,000.00 4,400.00 $ 8,400.00 Total March 9 $ 6,600.00 120 at $ 60.00 100 at March 18 80 at 120 at $ 50.00 = $ 55.00 = $ 60.00 = $ 5,000.00 4,400.00 7,200.00 Total March 18 $ 16,600.00 200 at $ 62.00 100 at 80 at = March 25 $ 50.00 = $ 55.00 $ 60.00 = $ 62.00 120 at 200 at $ 5,000.00 4,400.00 7,200.00 12,400.00 $ 29,000.00 = Total March 25 at = at at = 0.00 at March 29 $50.00 $ 55.00 $ 60.00 $ 62.00 $ 50.00 $ 55.00 $ 60.00 = $ 62.00 = at = 0.00 40 at 2001 at at = 0.00 2,400.00 12,400.00 $ 14,800.00 Total March 29 Totals $ 6,600.00 $ 14,800.00 Screenshot LUMTIDIELE Lnis uueSLIUN Uv enterinu vuur answers in the LAUS DEUW. Required information Perpetual FIFO Perpetual LIFO iyiru Average Specific Id Compute the cost assigned to ending inventory using LIFO. Perpetual LIFO: Cost of Goods Sold Cost per Cost of Goods Sold unit Date Goods Purchased Cost per # of units unit # of units sold Inventory Balance # of units Cost per Inventory Balance unit 100 at $ 50.00 = $ 5,000.00 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 $ 0.00 Screenshot Required information Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places.) Goods Purchased Cost per # of units unit Date Weighted Average Perpetual: Cost of Goods Sold # of units Cost per Cost of Goods Sold sold unit Inventory Balance Cost per # of units unit Inventory Balance 100 at $ 50.00 $ 5,000.00 March 1 March 5 Average March 5 March 9 March 18 Average March 18 March 25 Average March 25 March 29 Totals $ 0.00 Screenshot 200 units March 25 March 29 @ $62 per unit Purchase Sales Totals $95 per unit 160 units 580 units 820 units 3. Compute the cost assigned to ending inventory using (a) FIFO, (6) LIFO, (c) 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 Ending Inventory Date # of units Goods Sold in ending Cost per unit Ending Inventory Goods Available for Sale Cost of Goods Sold Cost per Cost of Goods # of units Cost per Cost of # of units Available for unit sold unit Sale $ 0 $ 0.00 $ 0 0 0.00 0 0 0.00 0 inventory March 1 $ 0 0.00 $ 0.00 March 5 0 0.00 0 March 18 March 25 Total 0 0.00 0 0 $ 0 0 $ 0 0 $ 0 Screenshot