Return to question Required information [The following information applies to the questions displayed below.) Part 3 of 4 Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March 3 points Units Sold at Retail Units Acquired at Cost 110 units @ $51.20 per unit 230 units @ $56.20 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales 270 units @ $86.20 per unit 90 units @ $61.20 per unit 160 units @ $63.20 per unit 140 units @ $96.20 per unit 410 units Totals 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, the March 9 sale consisted of 70 units from beginning inventory and 200 units from the March 5 purchase; the March 29 sale consisted of 50 units from the March 18 purchase and 90 units from the March 25 purchase. Answer is not complete. 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 70 units from beginning inv and 200 units from the March 5 purchase; the March 29 sale consisted of 50 units from the March 18 purchase and 90 units from the March 25 purchase. Specific Identification: Goods Purchased Cost # of Date units per unit March 1 # of units sold Cost of Goods Sold Cost Cost of Goods per Sold unit Inventory Balance Cost Inventory # of units per Balance unit 110 $ @ = $ 5,632.00 51.20 110 @ $ $ 5,632.00 51.20 $ 12,926.00 56.20 $ 18,558.00 March 5 230 $ 56.20 230@ = March 9 70 @ $ 3,584.00 30 X @ $ 1,536.00 $ 51.20 $ 56.20 $ 51.20 $ 56.20 200 @ 11,240.00 40 X @ $ 2,248.00 $ 14,824.00 $ 3,784.00 Required information March 18 90 @ $ 61.20 90 X @ = $ 4,608.00 51.20 $ 40 x @ 56.20 2,248.00 30 @ $ 61.20 1,836.00 $ 8,692.00 March 25 160 @ 160 X @ $ 8,192.00 63.20 $ 51.20 $ 40 X @ = 56.20 2,248.00 30 X @ 1,836.00 $ 61.20 $ 63.20 40 X @ = 2,528.00 $ 14,804.00 March 29 50 X @ $ 2,560.00 51.20 70 X @ $ 3,584.00 $ 51.20 $ 56.20 $ 90 X @ = 5,058.00 56.20 @ @ 0.00 61.20 @ 61.20 @ $ 63.20 0.00 @ $ 63.20 $ 7,618.00 $ 22,442.00 $ 3,584.00 $ 3,584.00 Totals