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 60 units @ $50.20 per unit 205 units @ $55.20 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales 220 units @ $85.20 per unit 65 units @ $60.20 per unit 110 units @ $62.20 per unit 90 units @ $95.20 per unit 310 units Totals 440 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 45 units from beginning inventory and 175 units from the March 5 purchase; the March 29 sale consisted of 25 units from the March 18 purchase and 65 units from the March 25 purchase. Required information Perpetual FIFO: Goods Purchased # of Cost per Date units unit March 1 # of units sold Cost of Goods Sold Cost per Cost of Goods Sold unit Inventory Balance Cost per Inventory # of units unit Balance 60 @ $ 50.20 = $ 3,012.00 March 5 March 9 March 18 March 25 March 29 Totals $ 0.00 Required information Perpetual LIFO: Goods Purchased # of units Date Cost per unit # of units sold Cost of Goods Sold Cost per cost of Goods Sold unit Inventory Balance Cost per # of units Inventory unit Balance 60 @ $ 50.20 = $ 3,012.00 March 1 March 5 March 9 March 18 March 25 March 29 Totale non 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.). Weighted Average Perpetual: Goods Purchased # of Cost per Date units unit March 1 # of units sold Cost of Goods Sold Cost per cost of Goods Sold unit Inventory Balance Cost per # of units Inventory Balance unit 60 @ $ 50.20 = $ 3,012.00 March 5 Average March 9 March 18 Average March 25 March 29 Totals $ 0.00 Specific Identification: Goods Purchased Cost of Goods Sold Date # of Cost per # of units Cost of Goods units unit sold unit Sold March 1 Cost per Inventory Balance # of units Cost per Inventory Balance unit 60 @ $50.20 = $ 3,012.00 March 5 March 9 March 18 March 25 March 29 Totals $ 0.00