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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

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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 Inita Sold at Retail Date March 1 March March March 1 March 25 March 29 Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totale Units equired at Cost 180 units $52.60 per unit 265 units $57.60 per unit 125 units $62.60 per unit 230 units $64.60 per unit 340 units $87.60 per unit 210 units $97.60 per unit 550 units 800 units 3. Compute the cost assigned to ending inventory using (2) FIFO, (O) LIFO, () weighted average, and (c) specific identification. For specific identification, units sold include 105 units from beginning inventory, 235 units from the March 5 purchase, 85 units from the March 18 purchase, and 125 units from the March 25 purchase. 5

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