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 110 units @ $51.20 per unit 230 units @ $56.20 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 270 units @ $86.20 per unit 90 units @ $61.20 per unit 160 units @ $63.20 per unit 140 units @ $96.20 per unit 410 units 590 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 70 units from beginning inventory and 200 units from the March 5 purchase; the March 29 sale consisted of 50 units from the March 18 purchase and 90 units from the March 25 purchase. Required information Inventory Balance Goods Purchased # of Cost per units unit Cost of Goods Sold # of units Cost per cost of Goods Sold sold unit Date March 1 March 5 230 @ $ 56.20 Inventory Balance $51.20 = $ 5,632.00 $ 51.20 = $ 5,632.00 $ 56.20 = 12,926.00 $ 18,558.00 # of units 110 @ 110 @ 230) @ 340 @ Average March 9 TTTT 270 @L 90 @ $61.20 March 18 @ $61.20 Average 0 March 25 160 @ $63.20 @ $63.20 March 29 Totals $ 0.00 Perpetual LIFO Specific id > Required information Goods Purchased # of Cost per units unit Cost of Goods Sold of units Cost per Cost of Goods sold unit Sold Date # of units Inventory Balance unit Inventory Balance @ $51.20 = $ 5,632.00 Cost per March 1 110 March 5 March 9 March 18 March 25 Required information March 9 March 18 March 25 March 29 Totals $ 0.00