Retur 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 Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals Units Acquired at Cost 210 units @ $53.20 per unit 200 units $58.20 per unit 140 units @ $63.20 per unit 260 units $65.20 per unit 370 units @ $88.20 per unit 890 units 240 units @ $98.20 per unit 610 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 120 units from beginning inventory and 250 units from the March 5 purchase the March 29 sale consisted of 100 units from the March 18 purchase and 140 units from the March 25 purchase. Required information Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using LIFO. Perpetual LIFO: Goods Purchased Cost units per unit Date #of # of units sold Cost of Goods Sold Cost Cost of Goods per Sold unit # of units Inventory Balance Cost Inventory per Balance unit 5320 $ 11,172.00 March 1 210 March 5 280 58 20 210 53 20 280 58 20 $ 11,172.00 16,296.00 $ 27,468 00 March 9 280 X 53.20 $ 14,896.00 120 > @ 53.20 $ 6,384.00