term/Test #2-Cv4&5 Seve 6 1202 Required information (The following information applies to the questions displayed below] Warnerwoods Company uses a perpetual inventory system. I entered into the following purchases and sales transactions for March Activities 1 Beginning Inventory Har. Purchase Mr. Sales Har Purchase Mar 25 Purchase A far 29 Sales Totals deits Acquired at Cost 160 units @ $52.20 per unit 255 units $57.20 per unit Units Sold at Retail 120 units $87.20 per unit 115 units $62,20 per unit 210 units $64.20 per unit 740 units 19 units $97.20 per unit 510 units 3. Compute the cost assigned to ending inventory using (a) FIFO.LIFO, (dweighted average, and (c) specific identification. For specific identification, the March 9 sale consisted of 95 units from beginning inventory and 225 units from the March 5 purchase, the March 29 sale consisted of 75 units from the March 18 purchase and 115 units from the March 25 purchase Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Compute the cost assigned to ending inventory using FIFO. Petal FIED Goods Pechased Cost of Goods Sold Cate units voit Cost per of units Cost per Cost of Goods Sold Inventory Balance Cost per leventory of units anit Balance Mann 1 160 $52.20 $6362.00 Mach S