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 80 units @ $50.60 per unit 215 units @ $55.60 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 240 units @ $85.60 per unit 75 units @ $60.60 per unit 130 units@ $62.60 per unit 110 units @ $95.60 per unit 350 units 500 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 55 units from beginning inventory and 185 units from the March 5 purchase; the March 29 sale consisted of 35 units from the March 18 purchase and 75 units from the March 25 purchase. 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 FIFO. Perpetual FIFO: Cost of Goods Sold Inventory Balance Goods Purchased # of Cost per units unit Date # of units sold Cost per cost of Goods Sold unit # of units Cost per unit $50.60 = Inventory Balance $ 4,048.00 March 1 80 @ March 5 March 9 March 18 March 25 March 29 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 LIFO. Perpetual LIFO: Goods Purchased # of Cost per units unit Cost of Goods Sold Cost per cost of Goods Sold unit # of units sold Date Inventory Balance Cost per Inventory of units unit Balance 80 @ $50.60 = $ 4,048.00 March 1 March 5 March 9 March 18 March 25 March 29 Totals 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.) Inventory Balance Weighted Average Perpetual: Goods Purchased # of Cost per Date units unit March 1 Cost of Goods Sold # of units cost per cost of Goods Sold sold unit # of units 80 @ Cost per Inventory Balance unit "ven $50.60 = $ 4,048.00 March 5 Average March 9 March 18 Average March 25 March 29 Totals Inventory Balance Specific Identification: Goods Purchased # of Date Cost per units unit March 1 Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold # of units Cost per Inventory Balance unit $50.60 = 80 @ $ 4,048.00 March 5 March 9 March 18 March 25 March 29 Totals