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 240 units@ $53.80 per unit 295 units @ $58.80 per unit 400 units @ $88.80 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 155 units @ $63.80 per unit 290 units @ $65.80 per unit 270 units @ $98.80 per unit 670 units 980 units Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Cost of Goods Sold Goods Purchased # of units unit Cost per Date # of units sold Cost per Cost of Goods Sold Inventory Balance Cost per Inventory # of units unit Balance 240 @ $ 53.80 $ 12,912.00 unit March 1 March 5 March 9 March 18 March 25 March 29 Totals $ 0.00 Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using LIFO. Perpetual LIFO: Goods Purchased # of Cost per units unit Cost of Goods Sold Cost per Cost of Goods Sold unit Cost per Date # of units sold Inventory Balance # of units Inventory unit Balance 240 @ $ 53.80 = $ 12,912.00 March 1 March 5 March 9 March 18 March 25 March 29 Totals $ 0.00 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.) Cost of Goods Sold Weighted Average Perpetual: Goods Purchased Date # of units unit March 1 Cost per # of units sold Cost per cost of Goods Sold unit Inventory Balance Cost per # of units Inventory Balance unit 240 @ $ 53.80 = $ 12,912.00 March 5 Average March 9 March 18 Average March 25 March 29 Totals $ 0.00 Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using specific identification. For specific identification, the March 9 sale consisted of 135 units from beginning inventory and 265 units from the March 5 purchase; the March 29 sale consisted of 115 units from the March 18 purchase and 155 units from the March 25 purchase. Specific Identification: Goods Purchased # of Date Cost per units unit March 1 Cost of Goods Sold # of units Cost of Goods sold unit Sold Cost per Inventory Balance Cost per # of units unit Inventory Balance 240 @ $ 53.80 $ 12,912.00 March 5 March 9 March 18 March 25 March 29 Totals $ 0.00