Saved Help Sav Required information {The following information applies to the questions displayed below.) Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March Units Sold at Retail Units Accuired at Cost 130 units @ $65 per unit 430 units @ $70 per unit 450 units @ $100 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 1B0 units @ $75 per unit 260 units @ $77 per unit 220 units @ $110 per unit 670 units 1,000 units For specific identification, the March 9 sale consisted of 70 units from beginning inventory and 380 units from the March 5 purchase; the March 29 sale consisted of 70 units from the March 18 purchase and 150 units from the March 25 purchase. 3. Compute the cost assigned to ending inventory using (a) FIFO. (b) LIFO. (c) weighted average, and (d) specific identification. Complete this question by entering your answers in the tabs below. Periodic FIFO Periodic LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO. a) Periodic FIFO Cost of Goods Avallable for Sale Cost of Goods Sold Ending Inventory # of units Cost per unit Cost of Goods Available for Sale # of units sold Cost per Cost of Goods Sold # of units in ending inventory Cost per unit Ending Inventory unit Beginning inventory Purchases: March 5 March 18 March 25 Total Periodic FIFO Periodic LIFO > Saved Help Sav Required information {The following information applies to the questions displayed below.) Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March Units Sold at Retail Units Accuired at Cost 130 units @ $65 per unit 430 units @ $70 per unit 450 units @ $100 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 1B0 units @ $75 per unit 260 units @ $77 per unit 220 units @ $110 per unit 670 units 1,000 units For specific identification, the March 9 sale consisted of 70 units from beginning inventory and 380 units from the March 5 purchase; the March 29 sale consisted of 70 units from the March 18 purchase and 150 units from the March 25 purchase. 4. Compute gross profit earned by the company for each of the four costing methods. (Round your average cost per unit to 2 decimal places and final answers to nearest whole dollar.) FIFO LIFO Weighted Average Specific Identification Sales Less: Cost of goods sold Gross profit