Required informationSkip to question$[$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.Date Activities Units Acquired at Cost Units Sold at RetailMarch $1$ Beginning inventory $200$ units @ $$53\mathrm{.}00$ per unitMarch $5$ Purchase $275$ units @ $$58\mathrm{.}00$ per unitMarch $9$ Sales $360$ units @ $$88\mathrm{.}00$ per unitMarch $18$ Purchase $135$ units @ $$63\mathrm{.}00$ per unitMarch $25$ Purchase $250$ units @ $$65\mathrm{.}00$ per unitMarch $29$ Sales $230$ units @ $$98\mathrm{.}00$ per unitTotals $860$ 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, units sold include $115$ units from beginning inventory, $245$ units from the March $5$ purchase, $95$ units from the March $18$ purchase, and $135$ units from the March $25$ purchase.