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 340 units $87.60 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 125 unitse $62.60 per unit 230 units $64.60 per unit 210 units. $97.60 per unit 550 units 800 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 sole consisted of 105 units from beginning inventory and 235 units from the March 5 purchase; the March 29 sale consisted of 85 units from the March 18 purchase and 125 units from the March 25 purchase. Required information Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Part 1 of 2 Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO 3 02-22:43 Goods Purchased of Cost per unit Cost of Goods Sold Cost per Cost per cost of Goods Sold Date of units ts sold Inventory Balance Cost per Inventory of units 180 @ $ 52.60 - $ 9.468.00 March 1 March 25 March 29 Required information o Perpetual Properpetual Uro Woche specific id Compute the cost assigned to ending inventory using LIFO. Perpetual LEO Goods Purchased Cost of Goods Sold Date of Cost per of units Cost per cost of Goods Sold March 1 Inventory Balance Cost per Inventory of units 180 @ $52.60 - $ 9,468.00 1* Saved Required information Complete this question by entering your answers in the tabs below. 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.) Inventory Balance Weighted Average Perpetual: Goods Purchased # of Cost per Date units unit March 1 Cost of Goods Sold of units Cost per Cost of Goods sold unit Sold # of units 180 @ un Inventory Balance $52.60 - $ 9,468.00 March 5 Average March 9 March 18 Average March 25 March 29 Totals Perpetual LIFO Specifield > Required information Weighted Average Specific Id Perpetual FIFO Perpetual LIFO Compute the cost assigned to ending Inventory using specific identification. For specific identification, the March 9 sale consisted of 105 uni and 235 units from the March 5 purchase; the March 29 sale consisted of 85 units from the March 18 purchase and 125 units from the Marc Part 1 of 2 Specific Identification: Goods Purchased Date # of Cost per units unit (8 023153 Cost of Goods Sold #of units Cost per Cost of Goods sold unit Sold Inventory Balance # of units Cost per Inventory Balance 180 @ $52.60 - $ 9,468.00 1 unit March 1 March 5 March March 18 March 25 Weighted Average 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 Required at cost 180 units $52.60 per unit 265 units $57.60 per unit 340 unitse $87.60 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 P hase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totale 125 units 562.60 per unit 230 unitse $64.60 per unit 210 units. $97.60 per unit 550 units 800 units 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale consisted of 105 units from beginning inventory and 235 units from the March 5 purchase, the March 29 sale consisted of 85 units from the March 18 purchase and 125 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.) Gross Margin FIFO UFO Avg. Cost Spee. 10 Less: Cost of goods sold