$[$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.

$\backslash$table$[[$Date$,$Activities,Units,Acquired at Cost,Units Sold at Retail$],[$March $1,$Beginning inventory,$90$ units,a $$50\mathrm{.}80$ per unit,$],[$March $5,$Purchase,$220$ units,c $$55\mathrm{.}80$ per unit,$],[$March $9,$Sales,,,$250$ units @ $$85\mathrm{.}80$ per unit$],[$March $18,$Purchase,$80$ units,a $$60\mathrm{.}80$ per unit,$],[$March $25,$Purchase,$140$ units,$($a$)$ $$62\mathrm{.}80$ per unit,$],[$March $29,$Sales,,,$120$ units @ $$95\mathrm{.}80$ per unit$],[$Totals$,530$ units,,$370$ 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 $60$ units from beginning inventory, $190$ units from the March $5$ purchase, $40$ units from the March $18$ purchase, and $80$ 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.

$\backslash$table$[[$Perpetual FIFO:$],[$Date$,$Goods Purchased,Cost of Goods Sold,Inventory Balance$],[$# of units,$\backslash$table$[[$Cost per$],[$unit$]],\backslash$table$[[$# of units$],[$sold$]],\backslash$table$[[$Cost per$],[$unit$]],$Cost of Goods Sold,# of units,$\backslash$table$[[\backslash$table$[[$Cost per$],[$unit$]]],[$$$50\mathrm{.}80$