[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 100 units @ $50.00 per unit 400 units @ $55.00 per unit 420 units @ $85.00 per unit Date Activities Mar. 1 Beginning inventory Mar 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar 25 Purchase Mar. 29 Sales Totals 120 units @ $60.00 per unit 200 units @ $62.00 per unit 160 units @ $95.00 per unit 580 units 820 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 80 units from beginning inventory and 340 units from the March 5 purchase; the March 29 sale consisted of 40 units from the March 18 purchase and 120 units from the March 25 purchase. Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Goods Purchased Cost of Goods Sold Cost per Date # of units Cost per # of units sold Cost of Goods Sold unit Cost per unit Inventory Balance # of units Inventory unit Balance 100 a $ 50.00 $ 5,000.00 March 1 March 5 March 9 March 18 March 25 March 29 Totals 0.00 $ 0.00 Compute the cost assigned to ending inventory using LIFO. Perpetual LIFO: Cost of Goods Sold Inventory Balance Goods Purchased # of units unit Cost per Date # of units sold Cost per Cost of Goods Sold Cost per unit # of units Inventory Balance unit $ 50.00 March 1 100 @ 5,000.00 March 5 March 9 March 18 March 25 March 29 ces Totals $ 0.00