{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 Date Activities Units Acquired at Cost Units sold at Retail March 1 Beginning inventory 118 units @ $51.2e per unit March 5 Purchase 238 units @ $56.20 per unit March 9 Sales 270 units @ $86.2e per unit March 18 Purchase 90 units @ $61.20 per unit March 25 Purchase 150 units @ $63.2e per unit March 29 Sales 140 units @ $96.20 per unit Totals 590 units 410 units 3. Compute the cost assigned to ending inventory using (a) FIFO (6) LIFO. (c) weighted average, and (c) specific identification. For specific identification, uni sold include 70 units from beginning inventory, 200 units from the March purchase, 50 units from the March 18 purchase, and 90 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific la Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Goods Purchased Cost of Goods Sold Date Cost per # of units Cost per # of units Cost of Goods Sold unit sold unit March 1 Inventory Balance Cost per Inventory # of units unit Balance 110 at $ 51,20 = $ 5,632.00 230 at $ 56.20 al March 5 $51 20 $ 56.20 at Total March 5 March 9 Total March 9 901 at $ 6120 March 18 at $ 61,20 Total March 18 160) at $ 63.20 Total March 5 March 9 Total March 9 90 at $ 61.20 March 18 at $ 61.20 Total March 18 160 at $ 63,20 March 25 at $ 61,20 $63.20 at Total March 25 March 29 Total March 29 Totals $ 0.00 Perpen FIFO Perpetual LIFO > March 1 110 at $ 51.20 = $ 5.632.00 March 5 Total March 5 March 9 Total March 9 March 18 Total March 18 March 25 Total March 25 March 29 Total March 29 Totals S 0.00 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 Date Cost per # of units Cost per unit Cost of Goods Sold unit Inventory Balance March 1 51.20 - $ 5,632.00 Cost per unit # of units sold # of units 110 at S March 5 Average March 5 March 9 March 18 Average March 18 March 25 Average March 25 March 29 Totals 0.00 Perpetual FIFO Perpetual LIFO Weighted Specific Id Average compute the cost assigned to ending inventory using specific identification. For specific identification, units sold include 70 units from beginning inventory. 200 units from the Marc purchase, 50 units from the March 18 purchase and 90 units from the March 25 purchase. Specific identification Inventory Balance Date of units Cost per inventory Balance Goods Purchased cost per Goods Hof units unit Puchased 110 55120 5.632 230 at $50 20 12920 90 at 56120 5.500 180 st 56320 3.10.112 5 March 1 March 5 March 18 March 25 Totals 0.00 Cost of Goods Sold of units Cost per cost of Goods Sold sold unit M $5120 $ 0.00 550:20 56120 0.00 at 563.20 $ 0.00 SNE unt $51 20 $ 5520 561.20- 563.20 0:00 at 5 0.00 Warnerwoods Company uses a perpetual Inventory system. It entered into the following purchases and sales transactions for March Date Activities Units Acquired at Cost Units sold at Retail March 1 Beginning inventory 110 units @ $51.28 per unit March 5 Purchase 238 units @ $56.20 per unit March 9 Sales 27e units $86.28 per unit March 18 Purchase 90 units @ $61.20 per unit March 25 Purchase 160 units @ $63.20 per unit March 29 Sales 148 units @ $96.20 per unit Totals 598 units 410 units 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include 70 units from beginning inventory, 200 units from the March - purchase, 50 units from the March 18 purchase, and 90 units from the March 25 purchase (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.) FIFO LIFO Weighted Average Specific ID Gross Margin Sales Less Cost of goods sold Gross profit