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 Activities Units Acquired at Cost Units sold at Retail 1 Beginning inventory 100 units @ $63.00 per unit 5 Purchase 400 units @ $68.00 per unit 420 units @ $98.00 per unit Mar. 18 Purchase 120 units @ $73.00 per unit 200 units @ $75.00 per unit 160 units @ $108.00 per unit Totals 820 units 580 units Date Mar. Mar. Mar. 9 Sales Mar. 25 Purchase Mar. 29 Sales 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. Complete this question by entering your answers in the tabs below. # of sold Weighted Perpetual FIFO Perpetual LIFO Average Specific Id Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places.) Weighted Average Perpetual: Goods Purchased Cost of Goods Sold Inventory Balance Cost per # of units Cost per Cost per Date Cost of Goods Sold # of units Inventory Balance units unit unit unit March 1 100 @ $ 63.00 = $ 6,300.00 March 5 400 @ $68.00 1001 @ $63.00 = $ 6,300.00 400 @ $68.00 = 27,200.00 Average 500 @$ 67.00 = $ 33,500.00 March 9 420 @ $ 67.00 $ 28,140.00 @ $67.00 = $ 5,360.00 March 18 120 @ $ 73.00 80 @ $ 67.00 = $5,360.00 120 @ $ 73.00 = 8,760.00 Average 200 @ $ 14,120.00 March 25 200 @ $ 75.00 200 200 @ $75.00 = 15,000.00 400 @ $ 15,000.00 80 160 240 March 29 Totals $ 28,140.00