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Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.

DateActivitiesUnits Acquired at CostUnits Sold at RetailMar.1Beginning inventory90units@ $50.80 per unitMar.5Purchase220units@ $55.80 per unitMar.9Sales250units@ $85.80 per unitMar.18Purchase80units@ $60.80 per unitMar.25Purchase140units@ $62.80 per unitMar.29Sales120units@ $95.80 per unitTotals530units370units

Problem 5-1A Part 3

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 60 units from beginning inventory and 190 units from the March 5 purchase; the March 29 sale consisted of 40 units from the March 18 purchase and 80 units from the March 25 purchase.