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 180 units @ $52.60 per unit 265 units @ $57.60 per unit 340 units @ $87.60 per unit Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 125 units @ $62.60 per unit 230 units @ $64.60 per unit 210 units @ $97.60 per unit 550 units 800 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 105 units from beginning inventory and 235 units from the March 5 purchase; the March 29 sale consisted of 85 units from the March 18 purchase and 125 units from the March 25 purchase. Perpetual FIFO: Cost of Goods Sold Goods Purchased # of Cost per units unit Date # of units sold Cost per Cost of Goods Sold Cost of Goods Sold unit Inventory Balance # of units Cost per Inventory # of units unit Balance 180 @ $ 52.60 = $ 9,468.00 March 1 March 5 March 9 March 18 March 25 March 29 Totals $ 0.00 Perpetual LIFO: Inventory Balance Goods Purchased # of Cost per| # of units units unit sold Cost of Goods Sold cost per cost of Goods Sold Cost of Goods Sold unit Date # of units # of units Cost per unit inventory Balance March 1 180 @ $ 52.60 = $ 9,468.00 March 5 March 9 March 18 March 25 March 29 Totals $ 0.00 Weighted Average Perpetual: Goods Purchased # of Cost per units unit March 1 Cost of Goods Sold # of units Cost per cost of Goods Sold sold Date Inventory Balance # of units cost per Inventory Balance unit 180 @ $ 52.60 = $ 9,468.00 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 105 units from beginning inventory and 235 units from the March 5 purchase; the March 29 sale consisted of 85 units from the March 18 purchase and 125 units from the March 25 purchase. Specific Identification: Goods Purchased Date # of Cost per units unit March 1 Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Inventory Balance of units Cost per Inventory Balance unit 180 @ $ 52.60 = $ 9,468.00 March 5 March 9 March 18 March 25 March 29 Totals 0.00