Required information The following information applies to the questions displayed below) Womerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March Bold at Retail Units are con 100 units $50 per unit 400 unita $55 per it 03 Mar. 420 unitats per unit Date Activities KAT. Beginning inventory Purchase Mar. 9 sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Total 120 unitae 560 per unit 200 unita & 662 per unit 160 unitae $95 per unit 50 unit 820 units For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 340 units from the March 5 purchase the March 29 sale consisted of 40 units from the March 18 purchase and 120 units from the March 25 purchase. 3. Compute the cost assigned to ending Inventory using (a) FIFO. (D) LIFO. (c) weighted average, and (d) specific identification. (Round your average cost per unit to 2 decimal places.) a) Periodio FIFO Ending Inventory Coat of Goods Available for Sale Cost of Goods Sold Cost of Cost of # of units Cost per unit Goods #of units Cost per unit sold Goods Available Sold for Sale 100 $ 50.00 $ 5,000 580 $ 50.00 $ 29,000 # of units In ending Cost per unit Inventory Ending Inventory 240 $ 50.00 $ 12,000 $ 0.00 0 Beginning inventory Purchases: March 5 March 18 March 25 Total 55.00 60.00 62.00 420 $ 56.00 160 $ + 60.00 400 $ 120$ 200 $ 820 0 22,000 7,200 12,400 $ 46,600 23,100 9,600 0 0 1,160 $ 61,700 240 $ 12,000 b) Periodic LIFO Cost of Goods Sold Ending Inventory # of units Cost of Goods Available for Sale Cost of # of units Cost per unit Goods Available for Sale 100 $ 50.00 $ 5,000 Cost of Goods sold Cost per unit of units In ending Cost per unit Inventory Ending Inventory Sold Beginning inventory Purchases March 5 March 18 March 25 Total 400 $ 120 $ 2001$ 55.00 60.00 62.00 22,000 7,200 12.400 820 $ 46,600 Average Cost Cost of Goods sold Cost of Goods Available for Sale Cost of #of units Average Goods Cost per unit Available for Sale 100 $ 5,000 Cost of Goods Sold Ending Inventory of units Average Cost Ending In onding Inventory Inventory of units Average Cost sold per Unit per un 400 Deginning inventory Purchase March 5 March 18 March 25 Total 120 200 820 22.000 7.200 12,400 $ 46,600 5 0 0 d) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory # of units sold Cost per unit Cost of Goods of units Cost per unit Available for Sale 100 $ 50.00 55.000 Cost of # of units Ending Goods in ending Cost per unit Inventory Sold inventory ol $ 50.00 $ 0 0 0 Beginning inventory Purchases March 5 March 18 March 25 Total $ $ 0 400 $ 120 200 $ 820 55.00 60.00 62.00 55.00 60.00 62.00 22,000 7.200 12.400 $ 46,500 0 $ 0