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 70 units @ $50.40 per unit 210 units @ $55.40 per unit 230 units @ $85.40 per unit Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 70 units @ $60.40 per unit 120 units @ $62.40 per unit 100 units @ $95.40 per unit 330 units 470 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 50 units from beginning inventory and 180 units from the March 5 purchase; the March 29 sale consisted of 30 units from the March 18 purchase and 70 units from the March 25 purchase. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Goods Purchased # of Cost per units unit Cost of Goods Sold Cost per Cost of Goods Sold unit # of units sold Date March 1 March 5 210 @ $ 55.40 Inventory Balance # of units Cost per Inventory unit unit Balance 70 @ $50.40 = $ 3,528.00 70 @ $50.40 = $ 3,528.00 @ $ 55.40 $ 3,528.00 @ $ 50.40 @ $ 55.40 March 9 $ 0.00 @ @ $ 50.40 $ 55.40 = = March 18 70 @ $60.40 @ @ @ $50.40 $55.40 $60.40 March 25 120 @ $ 62.40 @ @ @ @ $50.40 $55.40 $60.40 $62.40 March 29 Totals $ 0.00 Complete this question by entering your answers in the tabs below. Pretul CICO Brull Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using LIFO. Perpetual LIFO: Goods Purchased # of Cost per units unit Cost of Goods Sold Cost per cost of God ost per cost of Goods Sold unit Date # of units sold March 1 Inventory Balance # of units Cost per Inventory unit Balance 70 @ $50.40 = $ 3,528.00 $ 50.40 @ $55.40 March 5 210 @ $ 55.40 March 9 March 18 70 @ $60.40 @ $ 60.40 March 25 120 @ $62.40 @ @ $60.40 $ 62.40 March 29 Totals $ 0.00 Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places.) Weighted Average Perpetual: Goods Purchased # of Date Cost per units unit March 1 March 5 210 @ $ 55.40 # of units sold Cost of Goods Sold Inventory Balance Cost per cnet of Gande Calal #of unite Cost per cost of Goods Sold # of units Cost per Inventory Balance unit unit 70 @ $50.40 = $ 3,528.00 @ $ 50.40 | @ $55.40 Average March 9 March 18 70 @ $60.40 @ $ 60.40 Average 0 March 25 120 @ $62.40 @ $ 62.40 March 29 Totals Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using specific identification. For specific identification, the March 9 sale consisted of 50 units from beginning inventory and 180 units from the March 5 purchase; the March 29 sale consisted of 30 units from the March 18 purchase and 70 units from the March 25 purchase. Specific Identification: Goods Purchased Cost per # of Date units unit March 1 March 5 210 @ $ 55.40 Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Inventory Balance # of units Cost per Inventory Balance unit 70 @ $50.40 = $ 3,528.00 @ $50.40 @ $55.40 March 9 March 18 70 @ $ 60.40 @ $60.40 March 25 120 @ $62.40 @ @ $60.40 $ 62.40 March 29 Totals 0.00