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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

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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. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For ecific identification, units sold include 105 units from beginning inventory, 235 units from the March 5 purchase, 85 units from the arch 18 purchase, and 125 units from the March 25 purchase. Compute the cost assigned to ending inventory using FIFO. Compute the cost assigned to ending inventory using LIFO.

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