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 Date March 1 March Morcha March 18 March 25 March 29 Activities Beginning inventory Purchase Sales Purchase Purchase Sales Yots 340 units @ $87.60 per unit 125 units @ $62.60 per unit 230 units @ $64.60 per unit 210 units 197.60 per unit 550 units 800 units Goods Purchased Perpetual FIFO: Cost of Goods Sold Cost per Cost of Goods Sold unit Date Cost per # of units # of units sold Inventory Balance # of units Inventory unit Balance 180 at $ 52.60 = $9.468 00 Cost per unit 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 Goods Purchased Perpetual LIFO: Cost of Goods Sold Cost per unit Cost of Goods Sold Date Cost per Cost per # of units # of units sold Inventory Balance # of units Inventory unit Balance 180 at $ 52.60 = $ 9.468.00 unit 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 Weighted Average Perpetual Cost of Goods Sold Goods Purchased Inventory Balance Date Cost per Cost per # of units # of units sold # of units unit Cost per unit Cost of Goods Sold unit Inventory Balance 5260 = 5 9.468.00 March 1 180 at 5 March 5 Average March 5 March 9 March 18 Average March 18 March 25 Average March 25 March 29 Totals 0.00 Specific Identification: Inventory Balance Date Cost per # of units Goods Purchased Cost per Goods of units unit Puchased 180 at S52.60 59,468 265 at $57.60 15.264 125 at $ 62 60 7,825 230 at $ 64,60 $ 14,858 March 1 March 5 March 18 March 25 Totals Cost of Goods Sold # of units Cost per Cost of Goods Sold sold unit at $ 52.60 $ 0.00 at 557.60 at 562.60 0.00 at $ 64.60 $ 0.00 at unit Inventory Balance 552 60 $ 0.00 $ 57 60 = $ 62.60 = 0.00 5 64.60 $ 0.00 at at 3. Compute the cost assigned to ending inventory using . FIFO (UFO, (a weighted average, and (ch specific identification. For specific identification, uns sold include 105 units from beginning Inventory. 235 units from the March Spurchase, 85 units from the March 18 purchase, and 125 units from the March 25 purchase