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 Mar. 1 Beginning inventory se units@ $50.60 per unit Mar. 5 Purchase 215 units @ $55.6e per unit Mar. 9 Sales 240 units@ $85.60 per unit Mar. 18 Purchase 75 units@ $60.60 per unit Mar. 25 Purchase 138 units @ $62.6e per unit Mar. 29 Sales 118 units@ $95.6e per unit Totals 358 units see units 3. Compute the cost assigned to ending Inventory using (a) FIFO. (D) LIFO. (c) welghted average, and (c) specific Identification. For specific identification, the March 9 sale consisted of 55 units from beginning Inventory and 185 units from the March 5 purchase the March 29 sale consisted of 35 units from the March 18 purchase and 75 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: Goods Purchased Cost of Goods Sold # of Date Cost # of units Cost units per unit sold per unit Cost of Goods Sold March 1 March 5 215 @ $ 55.60 Inventory Balance # of units Cost Inventory per unit Balance 80 @ $50.80 - $4,048.00 80 @ $50.80 $4,048.00 215 @ $ 55,60 = 11.954.00 $ 16,002.00 @ $50.80 @ S 55.60 March $ 240 110 $50.60 = $ 55.60 = 12.144.00 8,118.00 18 280.00 $ March 18 75 S 60.60 @ @ $50.00 @ $ 55.60 @ $ 60.60 March 26 131 562 anl . TAGANT Required information Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Goods Purchased # of Cost units per unit Cost of Goods Sold Cost per unit Cost of Goods Sold # of units sold Date March 1 March 5 215 @ $55.60 Inventory Balance Cost # of units Inventory per unit Balance 80 @ $50.80 - $4,048.00 80 @ S 50.60 = $ 4.048.00 215 @ $55.80 = 11.954.00 $ 16,002.00 @ $ 50.60 @ $55.60 March 9 $ 240 @ 110 $ $50.80 = $55.60 = 12.144.00 6,116.00 18,260.00 $ March 18 75 @ $60.60 @ @ $50.60 @ $ 55,60 $ 60.60 March 25 130 @ $62.60 @ S50.60 @ $55.60 @ $ 60.60 @ $ 62.60 March 29 Totals $ 18.280.00 > Required information Perpetual Firo Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using LIFO. Perpetual LIFO: Goods Purchased Cost of Goods Sold Date # of Cost #of units Cost units per unit sold per unit Cost of Goods Sold March 1 Inventory Balance Cost Inventory # of units per unit Balance 80 @ S 50.60 = $ 4,048.00 March 5 March 9 March 18 March 25 March 29 Totals 0.00 [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 ae units@ $58.6e per unit 215 units@ $55.60 per unit 248 units@ $85.68 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 75 units@ $60.60 per unit 138 units @ $62.6e per unit 118 units@ $95.68 per unit 350 units See units Badanie 3. Compute the cost assigned to ending Inventory using (a) FIFO. (6) LIFO. (c) weighted average, and (d) specific Identification. For specific Identification, the March 9 sale consisted of 55 units from beginning Inventory and 185 units from the March 5 purchase the March 29 sale consisted of 35 units from the March 18 purchase and 75 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 weighted average. (Round your average cost per unit to 2 decimal places.) Weighted Average Perpetual: Goods Purchased Cost of Goods Sold Inventory Balance Date # of Cost # of units Cost Cost of Goods Sold # of units Cost units per unit sold per unit March 1 80 @ $50.60 - S $ 4,048.00 March 5 per unit Inventory Balance Average March 9 March 18 Average March 25 March 29 Totals $ 0.00 3. Compute the cost assigned to ending Inventory using (a) FIFO. (6) LIFO. (c) weighted average, and (d) specific Identification. For specific Identification, the March 9 sale consisted of 55 units from beginning Inventory and 185 units from the March 5 purchase the March 29 sale consisted of 35 units from the March 18 purchase and 75 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual Liro Weighted Average Specific Id Compute the cost assigned to ending inventory using specific identification. For specific identification, the March 9 sale consisted of 55 units from beginning inventory and 185 units from the March 5 purchase; the March 29 sale consisted of 35 units from the March 18 purchase and 75 units from the March 25 purchase. Specific Identification: Goods Purchased Cost of Goods Sold Inventory Balance Date # of Cost # of units Cost Cost of Goods Cost units per unit sold # of units per unit Sold March 1 80 @ $50.80 - S 4,048.00 March 5 per unit Inventory Balance March 9 March 18 March 25 March 29 Totals 0.00