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 60 units @ $50.20 per unit 205 units@ $55.20 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 22e units @ $85.2e per unit 65 units @ $60.20 per unit 110 units @ $62.20 per unit 90 units @ $95.20 per unit 310 units 440 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 45 units from beginning inventory and 175 units from the March 5 purchase, the March 29 sale consisted of 25 units from the March 18 purchase and 65 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Weighted Perpetual FIFO Perpetual UFO weighted Average Specific Id Specific Id Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Goods Purchased Cost of Goods Sold Date of Cost per Wof units Cost per units unit unit s old sold unit Cost of Goods Sold March 1 March 5 Inventory Balance of units cost per Inventory unit Balance 60 @ $ 50.20 $ 3,012.00 March 9 Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual UFO Welghted Average Specific id Compute the cost assigned to ending Inventory using FIFO. Perpetual FIFO: Goods Purchased #of Cost per units Cost of Goods Sold cost per Cost of Goods Sold Date of units Inventory Balance Cost per Inventory of units unit Balance $ 301200 March 1 March 5 March March 16 March 25 March 29 Totals Perpetual LIFO > Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetballfo Perpetual Weighted Average Specific Id Compute the cost assigned to ending Inventory using LIFO. Perpetual LIFO: Goods Purchased Cost per unit Date of of units sold Cost of Goods Sold Cost per Cost of Goods Sold unit of units Inventory Balance Inventory Balance $ 50 20 M S 3,01200 Lost per March 1 March 5 March 9 0.00TL March 29 sale consisted of 25 Units from em 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 weighted average. (Round your average cost per unit to 2 decimal places.) Weighted Average Perpetual: Goods Purchased of Cost per Cost of Goods Sold Inventory Balance Date Cost per Inventory Balance of units sold cost per Cost of Goods Sold units Balance Un of units @ unity March 1 $50.20 - $ 3,012.00 March 5 Average March 9 March 18 Average March 25 March 29 Perpetual FIFO Perpetual ufo Weighted Average Specific id Compute the cost assigned to ending inventory using specific identification. For specific identification, the March 9 sale consisted of 45 units from beginning inventory and 175 units from the March 5 purchase; the March 29 sale consisted of 25 units from the March 18 purchase and 65 units from the March 25 purchase. Specific Identification: Goods Purchased # of Cost per units unit March 1 Date of units Sold Cost of Goods Sold Cost per cost of Goods unit Sold Inventory Balance of units Inventory Balance 60 @ $50 205 3,012.00 March 5 March 9 March 25 March 29 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 to units $50.20 per unit 205 units @ $55.20 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 220 units@ $85.20 per unit 65 units@ $60.20 per unit 11e units $62.20 per unit 90 units @ $95.20 per unit 310 units 440 units 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale consisted of 45 units from beginning inventory and 175 units from the March 5 purchase, the March 29 sale consisted of 25 units from the March 18 purchase and 65 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.) FIFO LIFO Avg. Cost Spec. ID Gross Margin Sales Less: Cost of goods sold Gross profit