Required information [The following information applies to the questions displayed below) points Warnerwoods Company uses a penodid inventory system. It entered into the following purchases and sales transactions for March Skipped Units sold at Retail Units acquired at Cost 120 units @ $55 per unit 420 units @ $60 per unit eBook 440 units@ $90 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 sales Totals 169 units @ $65 per unit 240 units @ $67 per unit 200 units @ $100 per unit 640 units Print 940 units References For specific identification, the March 9 sale consisted of 40 units from beginning inventory and 400 units from the March 5 purchase, the March 29 sale consisted of 60 units from the March 18 purchase and 140 units from the March 25 purchase. 3. Compute the cost assigned to ending inventory using (a) FIFO. (6) LIFO. (C) weighted average, and (d) specific identification (Round your average cost per unit to 2 decimal places.) a) Periodic Fir Cast of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost per #of units Cost per unit Cost of Goods Available Available for Sale $ 6,600 # of units sold Cost of # of units Goodsin ending Sold inventory Cost per unit unit Ending Inventory Beginning 120 $ 55.00 $ 0.00 $ 0.00 $ 0.00 0.00 $ 60.00 65.00 $ 67.00 25,200 10.400 16.080 $ 58 280 0.00 Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Required information b) Periodic LIFO Cost of Good Available for Sale Cost of Goods Sold Ending Inventory Cost of Goods W of units Cost of of units Cost per Cost per of units Goedsin endingw Cost per Por Ending unit Available unit it Inventory Sold for Sale inventory 120 $ 55.00 $ 6.600 sold Beginning inventory Purchasos: March 5 March 18 March 25 Total 420 160 240 940 S 60.00 25.200 $ 65.00 10,400 $ 67.00 L$ 58.200 c) Avorage Cost Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Average Goods # of units Cost per Available for Sale $ 6,600 of units Sold Cost of Goods Sold Cost per Unit # of units in ending inventory Ending Average Cost per unit uni Beginning inventory Purchases March 5 March 18 March 25 Total 160 240 25 200 10,400 16 080 VS 582802 940 d) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory of units sold Cost per unit Cost of Goods Sold Cost of of units Cost per Goods Available for Sale 120135.00 6600 #of units in onding Inventory Cost per unit Ending Inventory 5 55.00 $ $ 55.00 $ Beginning inventory Purchases March 5 60.00 65 00 March 18 March 25 Total 420||$60.00 25 2001 65.00 10.4001 240 S670016080 S58280 5 60.00 $ 55.00 5 67.00 67100