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 190 units @ $52.80 per unit 270 units @ $57.80 per unit 350 units @ $87.80 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 130 units @ $62.80 per unit 240 units @ $64.80 per unit 220 units @ $97.80 per unit 570 units 830 units 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 110 units from beginning inventory and 240 units from the March 5 purchase; the March 29 sale consisted of 90 units from the March 18 purchase and 130 units from the March 25 purchase. Perpetual FIFO: Goods Purchased # of Cost per units unit Cost of Goods Sold Cost per cost of Goods Sold unit Date # of units sold Inventory Balance # of units of unite cos Cost per Inventory unit Balance 190 @ $52.80 = $ 10,032.00 March 1 March 5 March 9 March 18 March 25 March 29 Totals $ 0.00 Perpetual LIFO: Goods Purchased Cost per units unit # of Cost of Goods Sold Cost per cost of Go unit Cost of Goods Sold # of units sold Inventory Balance # of units Cost per Inventory Date March 1 190 @ $52.80 = $ 10,032.00 March 5 March 9 March 18 March 25 March 29 Totals $ 0.00 Weighted Average Perpetual: Goods Purchased # of Date Cost per units unit March 1 # of units sold Cost of Goods Sold Cost per Cost of Goods unit Sold Inventory Balance # of units cost per Inventory Balance 190 @ $ 52.80 = $ 10,032.00 March 5 Average March 9 March 18 Average March 25 March 29 Totals $ 0.00 Specific Identification: Goods Purchased # of Cost per Date units unit March 1 # of units sold Cost of Goods Sold Cost per Cost of Goods unit Sold Inventory Balance # of units cost per Inventory Balance 190 @ $ 52.80 = $ 10,032.00 unit you March 5 March 9 March 18 March 25 March 29 Totals $ 0.00