Required information The following information applies to the questions displayed below.] Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March Activities Units Acquired at Cost 135 units $70 per unit 435 units $75 per unit Units Sold at Retail Date 1 Beginning inventory Mar Mar. 5 Purchase 9 Sales 455 units $105 per unit Mar 190 units $80 per unit 270 units $82 per unit Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales 230 units e $115 per unit 685 units Totals 1,030 units For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 375 units from the March 5 purchase; the March 29 sale consisted of 75 units from the March 18 purchase and 155 units from the March 25 purchase. 2. Compute the number of units in ending inventory. Ending inventory units 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. (Round your average cost per unit to 2 decimal places.) a) Periodic FIFO Ending Inventory Cost of Goods Available for Sale Cost of Goods Sold Cost of Goods Available for Sale Cost of Goods #of units Cost per Cost per #of units Cost per unit Ending Inventory in ending inventory #of units unit sold unit Sold Beginning inventory 0.00 S $ 0.00 0 0 Purchases: 0.00 March 5 0 0 0.00 0 March 18 0 0.00 0 0.00 0 March 25 0 0 0.00 0 Total 0 0 0 b) Periodic LIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Cost of # of units #of units Cost per unit Cost per Cost per Goods Ending Inventory in ending inventory #of units Goods Available sold unit unit Sold for Sale Beginning inventory $ 0 Purchases: March 5 0 March 18 0 March 25 0 Total c) Average Cost Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Average Cost per unit Average Cost per Cost of Goods # of units Average Cost per unit Goods #of units sold Ending Inventory #of units in ending inventory Available Unit Sold for Sale Beginning inventory Purchases: March 5 March 18 March 25 Total $ 0 0 d) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Cost of #of units Cost per Cost per unit Cost per Goods #of units Ending Inventory Goods Sold in ending inventory #of units sold unit Available unit for Sale Beginning inventory $ $ 0 0 Purchases: March 5 0 0 March 18 0 0 March 25 0 0 Total 0 0 4. Compute gross profit earned by the company for each of the four costing methods. (Round your average cost per unit to 2 decimal places and final answers to nearest whole dollar.) Specific Identification Weighted Average FIFO LIFO Sales Less: Cost of goods sold Gross profit 0 S $ 0 0