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 March 1 March 5 March 9 March 18 March 25 March 29 Units Acquired at Cost 70 units $50.40 per unit 210 units @ $55.48 per unit Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals 230 units @ $85.40 per unit 70 units @ $68.4e per unit 120 units @ $62.40 per unit 470 units 100 units $95.40 per unit 330 units Required: 1. Compute cost of goods available for sale and the number of units available for sale. Cost of Goods Available for Sale Cost per Cost of Goods Available # of units Unit for Sale 70 $ 50.40 $ 3,528 Beginning inventory Purchases: March 5 March 18 March 25 210 70 55.40 60.40 62.40 11,634 4,228 7,488 26,878 120 S Total 470 Units Acqu 70 units 210 units @ $ $ Date March 1 March 5 March 9 March 18 March 25 March 29 Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals 70 units @ $ 120 units $e 470 units 2. Compute the number of units in ending inventory. Ending inventory units Help Save March 1 March 5 March 9 March 18 March 25 March 29 70 units 5500 per unit 210 units 555.40 per unit Beginning inventory Purchase Sales Purchase Purchase Sales Totals 210 units 585.40 per unit 70 units 560.40 per unit 120 units 562.40 per unit 470 units 100 units 595.40 per unit 330 units 3. Compute the cost assigned to ending inventory using (FIFO. () LIFO ( weighted average, and (c) specific identification. For specific identification, units sold include 50 units from beginning inventory, 180 units from the March 5 purchase 30 units from the March 18 purchase, and 70 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 Cost of Goods Sold Date Goods Purchased # of units Cost per unit # of units sold Cost per unit Cost of Goods Sold Inventory Balance Cost per Inventory # of units unit Balance 70 at $50.40 $ 3.528.00 March 1 March 5 Total March 5 March 9 Total March 9 470 units 330 units 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include 50 units from beginning inventory, 180 units from the March 5 purchase 30 units from the March 18 purchase, and 70 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 Grote profit