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 Aequired at Cout units sold at Retail Mar. 1 Beginning inventory 230 units $53.60 per unit Mar. 5 Purchase 290 units $58.60 per unit Mar. 9 Sales 390 units $88.60 per unit Mar. 18 Purchase 150 unita @ $63.60 per unit Mar. 25 Purchase 280 units $65.60 per unit Mar. 29. Sales 260 units 598.60 per unit Totals 950 units 650 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 130 units from beginning inventory and 260 units from the March 5 purchase; the March 29 sale consisted of 110 units from the March 18 purchase and 150 units from the March 25 purchase. Perpetual FIFO: Cost of Goods Sold Goods Purchased # of Cost per units unit # of units sold Cost per Date Inventory Balance Cost per Inventory # of units unit Balance 230 @ $ 53.60 = $ 12,328.00 unit Cost of Goods Sold March 1 March 5 March 9 March 18 + March 25 March 29 Totale nal Perpetual LIFO Goods Purchased # of Cost per units unit Cost of Goods Sold Cost per cost of Goods Sold unit # of units sold Date Inventory Balance Cost per Inventory # of units unit Balance 230 @ $53.60 = $ 12,328.00 March 1 March 5 March 9 March 18 March 25 March 29 Required information March 9 March 18 March 25 March 29 Totals $ 0.00 Perpetual FIFO Perpetual LIFO Weighted Specific Id Average Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places.) Weighted Average Perpetual: Goods Purchased Cost of Goods Sold Inventory Balance # of Cost per # of units Cost per cost of Goods Sold Cost per Date # of units Inventory Balance units unit unit March 1 230 @ $ 53,60 = $ 12.328.00 unit sold March 5 Average March 9 March 18 Average March 25 March 29 Totals $ 0.00 Specific Identification: Goods Purchased # of units unit Cost per Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Date Inventory Balance Cost per # of units Inventory Balance unit 230 $ 53.60 = $ 12,328.00 March 1 March 5 March 9 March 18 March 25 March 29 Totals $ 0.00