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Required intormation [ The following information applies to the questions displayed below. ] Warnerwoods Company uses a perpetual inventory system. It entered into the following

Required intormation
[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.
\table[[Date,Activities,Units Acquired at cost,Units Sold at Retail],[March 1,Beginning inventory,200 units @ $53.00 per unit,],[March 5,Purchase,275 units @ $58.00 per unit,],[March 9,Sales,,360 units @ $88.00 per unit],[\table[[March 18],[March 25]],Purchase,135 units @ $63.00 per unit,],[\table[[March 25],[March 29]],\table[[Purchase],[Sales]],250 units @ $65.00 per unit,],[March 29,\table[[Sales],[Totals]],,230 units @$98.00 per unit],[,860 units,590 units]]
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.
Complete this question by entering your answers in the tabs below.
\table[[Perpetual FIFO,Perpetual LIFO,\table[[Weighted],[Average]],Specific Id]]
Perpetual FIFO:
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