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 Units Sold at Retail Units Acquired at Cost 100 units @ $50 per unit 400 units @ $55 per unit Mar. Date Activities Mar. 1 Beginning inventory 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 420 units @ $85 per unit 120 units @ $60 per unit 200 units @ $62 per unit 820 units 160 units @ $95 per unit 580 units 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. 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 Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory # of units Cost per unit Cost of Goods Available for Sale # of units sold Cost per unit Cost of Goods Sold # of units in ending Cost per unit inventory Ending Inventory Beginning inventory Purchases: March 5 March 18 March 25 Total b) Periodic LIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Goods # of units Cost per unit Available for Sale # of units sold Cost per unit Cost of Goods Sold # of units in ending Cost per unit inventory Ending Inventory Required information Cost of Goods Sold Ending Inventory c) Average Cost Cost of Goods Available for Sale Cost of Average Goods # of units Cost per unit Available for Sale # of units Average Cost sold per Unit Cost of Goods Sold # of units Average Cost Ending in ending Inventory inventory per unit Beginning inventory Purchases March 5 March 18 March 25 Total Ending Inventory Cost of Goods Sold d) Specific Identification Cost of Goods Available for Sale Cost of Goods Available for Sale # of units sold Cost per unit Cost of Goods Sold # of units in ending Cost per unit inventory # of units Cost per unit Ending Inventory I UILIIG SCS 3 Required information March 25 t 3 of 4 Total d) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory TS # of units Cost per unit Cost of Goods Available for Sale # of units sold Cost per unit Cost of Goods Sold # of units in ending Cost per unit inventory Ending Inventory eBook Print Beginning inventory Purchases ferences March 5 March 18 March 25 Total