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 100 units @ $50 per unit 400 units @ $55 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales 420 units @ $85 per unit 120 units @ $60 per unit 200 units @ $62 per unit 160 units @ $95 per unit 580 units Totals 820 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 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. 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 Cost per Date # of units sold Cost of Goods Sold # of units Cost per unit Inventory Balance unit March 1 100 @ $ 50.00 $ 5,000.00 March 5 March 9 March 18 March 25 March 29 Totals $ 0.00 $ 0.00 Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using LIFO. Perpetual LIFO: Goods Purchased Cost of Goods Sold Inventory Balance # of units Cost per Date # of units sold Cost per cost of Goods Sold # of units Cost per unit Inventory Balance unit unit March 1 100 @ $ 50.00 $ 5,000.00 March 5 March 9 March 18 March 25 March 29 Totals $ 0.00 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 Cost of Goods Sold Inventory Balance Cost per Cost per Date # of units # of units sold Cost of Goods Sold # of units Cost per unit Inventory Balance unit unit March 1 100 @ $ 50.00 = $ 5,000.00 March 5 Average March 9 March 18 Average March 25 March 29 Totals 0.00 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 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. Cost of Goods Sold Inventory_Balance Specific Identification: Goods Purchased # of Cost per Date units unit March 1 # of units sold Cost per Cost of Goods Sold Cost per Inventory Balance # of units unit unit 100 @ $ 50.00 = $ 5,000.00 March 5 March 9 March 18 March 25 March 29 Totals $ 0.00