[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 @ $53.80 per unit 295 units @ $58.80 per unit 400 units @ $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 Cost per Cost of Goods Available # of units 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 Units Acquired at Cost 240 units @ $53.80 per unit 295 units @ $58.80 per unit 400 units @ $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 @ $98.89 per unit 670 units 980 units 2. Compute the number of units in ending inventory. Ending inventory units Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending Inventory using FIFO. Perpetual FIFO: Cost of Goods Sold Goods Purchased # of units unit Date Cost per # of units sold Cost per unit Cost of Goods Sold Inventory Balance Cost per Inventory # of units unit Balance 240 @ $ 53.80 $ 12,912.00 March 1 March 5 March 9 March 18 March 25 Required information Iviai March 9 March 18 March 25 March 29 Totals Perpetual FIFO Perpetual LIFO > Required information Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using LIFO. Perpetual LIFO: Goods Purchased # of Cost per units unit 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 March 5 March 9 es March 18 March 25 Required information March 18 March 25 March 29 es Totals Weighted Perpetual FIFO Perpetual LIFO Average Specific Id Compute the cost assigned to ending Inventory using weighted average. (Round your average cost per unit to 2 decimal places.) Cost of Goods Sold Weighted Average Perpetual: Goods Purchased # of Cost per Date units unit March 1 # of units sold Cost per cost of Goods Sold Inventory Balance Cost per # of units unit Inventory Balance 240 @ $ 53.80 = $ 12,912.00 unit March 5 Average March 9 March 18 Average March 25 March 29 Totals Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending Inventory using specific identification. For specific identification, the March 9 sale consisted of 135 units from beginning 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. Specific Identification: Goods Purchased #of Date Cost per units unit March 1 Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Inventory Balance # of units Cost per Inventory Balance unit 240 @ $ 53.80 = S 12,912.00 March 5 March 9 March 18 March 25 Required information viac March 9 March 18 March 25 March 29 Totals