[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 Units Acquired at Cost 240 units e$53.80 per unit 295 units e $58.80 per unit. 400 units e $88.80 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 155 units & $63.80 per unit 290 units @ $65.80 per unit 270 units @ $98.80 per unit 670 units 980 units Required: 1. Compute cost of goods available for sale and the number of units available for sale. Cost of Goods Available for Sale # of units Cost per Cost of Goods Available Unit for Sale Beginning inventory Purchases March 5 March 18 March 25 Total 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 240 units @ $53.80 per unit 295 units & $58.80 per unit 155 units @ $63.80 per unit 290 units @ $65.80 per unit 400 units & $88.80 per unit 270 units $98.80 per unit 670 units ences 980 units 2. Compute the number of units in ending inventory. Ending inventory units 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO. (c) weighted average, and (c) specific identification. For specific identification, the March 9 sale consisted of 135 units from beginning inventory and 265 units from the March 5 purchase; the March 29 sale consisted of 115 units from the March 18 purchase and 155 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific id Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO Goods Purchased Cost of Goods Sold of Date Cost per of units Cost per units unit sold unit Cost of Goods Sold March 1 Inventory Balance Cost per # of units Inventory Balance 240 @ $ 53.80 $ 12,912.00 unit March 5 March March 18 March 18 ook March 25 rences March 29 Totals + Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using LIFO. Perpetual LIFO: Goods Purchased # of units unit Cost per Cost of Goods Sold Cost per cost of Goods Sold unit # of units sold Date Inventory Balance Cost per Inventory # of units unit Balance 240 @ $ 53.80 = $ 12,912.00 March 1 ces March 5 March 9 March 18 March 25 Required Information March 9 March 18 ok nt ances March 25 March 29 Totals DataIRO IL Weighted Perpetual FIFO Perpetual LIFO Specific Id Average Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places.) Weighted Average Perpetual: Goods Purchased Cost of Goods Sold Inventory Balance Cost per # of units Cost per cost of Goods Sold Cost per # of units Balance Inventory Date unit unit sold unit 240 @ $53.80 = March 1 $ 12,912.00 # of units March 5 Average March 9 March 18 Average March 25 March 29 Totals Weighted Average Specific id Perpetual FIFO Perpetual LIFO Compute the cost assigned to ending inventory using specific identification. For specific identification, the March 9 sale consisted of 135 units fro and 265 units from the March 5 purchase; the March 29 sale consisted of 115 units from the March 18 purchase and 155 units from the March 2 Specific Identification: Goods Purchased # of Cost per Date unit March 1 Cost of Goods Sold # of units Cost per Cost of Goods sold Sold # of units Inventory Balance Cost per Inventory Balance unit $ 53.80 = $ 12,912.00 units unit 240 March 5 March 9 March 18 Required information March 9 March 18 March 25 March 29 Totals