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 Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar, 25 Purchase Mar. 29 Sales Totals Units Acquired at cost 100 units 563.00 per unit 400 units 568.00 per unit Units Sold at Betas 120 unitse 573.00 per unit 200 units $75.00 per unit 420 units 598.00 per unit 820 units 160 unitse $105.00 per unit 580 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 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. Required information Compute the cost assigned to ending inventory using FIFO Perpetual FIFO: Date Goods Purchased of Cost per units unit March 1 March 5 # of units sold Cost of Goods Sold Cost per Cost of Goods Sold unit 400) $ 68.00 March 9 Inoty a of its Conte inventory 100 563001 - $63000 1001 563.00 $5,300.00 400) 56800 27200.00 5 33 500.00 553.00 568.00 1001 3201 $63.00 $68.00 S March 18 6,300.00 21.780.00 28.000.00 ele $ March 25 March 29 Totals $ 28.060.00 Pro Perpetual LIFO > 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 Acquired at Cost 100 units 563.00 per unit 400 units $68.00 per unit Units sold at Retail Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 420 units 598.00 per unit 120 units 573.00 per unit 200 units $75.00 per unit 320 units 160 units 5108.00 per unit 580 units 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sole 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 (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar) FIFO LIFO Avg. Cost Spec.ID Gross Margin Sales Less: Cost of goods sold Gross profit