Required information (The following information applies to the questions displayed below.) Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March Units Sold at Retail Units Acquired at Cost 125 units @ $60 per unit 425 units @ $65 per unit Date March 1 March 5 March 9 March 18 March 25 March 29 Activities Beginning inventory Purchase Sales Purchase Purchase Sales 445 units @ $95 per unit 170 units @ $70 per unit 250 units @ $72 per unit 210 units @ $105 per unit 655 units Totals 970 units For specific identification, units sold include 80 units from beginning inventory, 365 units from the March 5 purchase, 65 units from the March 18 purchase, and 145 units from the March 25 purchase. Required: 1. Compute cost of goods available for sale and the number of units available for sale. Cost of Goods Available for Sale Cost per Cost of Goods Available # of Units for Sale $ 0 Unit Beginning inventory Purchases: March 5 March 18 March 25 0 0 0 Total 0 2. Compute the number of units in ending inventory. Ending inventory units a renu rir Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Cost per Goods # of units Available for Sale Cost per unit # of units sold Cost of Goods Sold unit # of units in ending inventory Cost per unit Ending Inventory Beginning inventory Purchases: March 5 March 18 March 25 Total b) Periodic LIFO Cost of Goods Sold Ending Inven Cost of Goods Available for Sale Cost of Goods # of units unit Available for Sale Cost per Cost per Cost per # of units sold Cost of Goods Sold unit # of units in ending inventory unit Ending Inventory Beginning inventory Purchases: March 5 March 18 March 25 Total c) Average Cost Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Average Goods # of units Cost per Available unit for Sale # of units sold Average Cost per Unit Cost of Goods Sold # of units in ending inventory Average Cost per unit Ending Inventory Beginning inventory Purchases: March 5 March 18 March 25 Total d) Specific Identification Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of # of units Goods unit Available for Sale Cost per # of units sold Cost per Cost per Cost of Goods Sold unit # of units in ending inventory unit Ending Inventory Beginning inventory Purchases: March 5 March 18 March 25 Total