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 Acquired at cost 115 units@ $50 per unit 415 units@ $55 per unit Units Sold at Retail Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 435 units@ $85 per unit 150 units@ $60 per unit 230 units @ $62 per unit 910 units 190 units@ $95 per unit 625 units For specific identification, the March 9 sale consisted of 50 units from beginning inventory and 385 units from the March 5 purchase; the March 29 sale consisted of 55 units from the March 18 purchase and 135 units from the March 25 purchase. Periodic FIFO Periodic LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO. a) Periodic FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory ll of units Cost per Cost per # of units sold unit Cost of Goods Available for Sale $ 0 Cost per Cost of Goods Sold unit # of units in ending inventory unit Ending Inventory $ 0.00 $ 0 $ 0.00 $ 0 Beginning inventory Purchases: March 5 March 18 March 25 Total 0 $ 0 0 0.00 0.00 non $ 0 0 0 0.00 0.00 0.00 0 0 $ 0 0 0 Periodie FIFO Periodic LIFO > Periodic FIFO Periodic LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using LIFO. b) Periodic LIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Goods # of units unit Available for Sale ces Cost per # of units sold Cost per Cost of Goods Sold Cost per unit # of units in ending inventory Ending Inventory unit $ 0 Beginning inventory Purchases March 5 March 18 March 25 Total 0 0 0 0 0 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific ident Complete this question by entering your answers in the tabs below. Periodic FIFO Periodic LIFO Weighted Avbrage Specific Id Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal plac c) Average Cost Cost of Goods Sold Cost of Goods Available for Sale Cost of Average # of units Cost per Goods Available unit for Sale Average # of units sold Cost of Goods Sold Ending Inventory # of units Average Ending in ending Cost per Inventory inventory unit Cost per Unit Beginning inventory Purchases: March 5 March 18 March 25 Total S 0 $ ga) HFU, (b)LIFO. (c) weighted average, and (d) specific identification Complete this question by entering your answers in the tabs below. Periodic FIFO Periodic LIFO Weighted Average Specific Id Ending Inventory Cost per Compute the cost assigned to ending Inventory using specific identification d) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Cost of #ol units Goods # of units Cost per Cost of unit Goods Available sold unit for Sale Sold Beginning inventory $ 0 $ 0 Purchases March 5 $ 0 0 March 18 0 0 March 25 0 0 Total 0 # of units in ending inventory Cost per unit Ending Inventory $ 0 0 0 0 0