(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 Mar. 1 Beginning inventory 140 units@ $51.80 per unit Mar. 5 Purchase 245 units@ $56.80 per unit Mar. 9 Sales 300 units @ $86.88 per unit Mar. 18 Purchase 105 units@ $61.80 per unit Mar. 25 Purchase 190 units @ $63.80 per unit Mar. 29 Sales 170 units @ $96.80 per unit Totals 680 units 470 units Problem 5.1A Part 3 3. Compute the cost assigned to ending inventory using (a) FIFO, (1) LIFO. (c) weighted average, and (d) specific Identification. For specific identification, the March 9 sale consisted of 85 units from beginning inventory and 215 units from the March 5 purchase; the March 29 sale consisted of 65 units from the March 18 purchase and 105 units from the March 25 purchase Complete this question by entering your answers in the tabs below. Perpetual Foro Perpetual LIFO FIFO Weighted Specificid Required information Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Goods Purchased #of units unit Cost per Cost of Goods Sold Cost per Cost of Goods Sold unit Date # of units sold Inventory Balance Cost per Inventory # of units unit Balance 140 @ $ 51.80 = $ 7,252.00 March 1 March 5 March 9 March 18 March 25 Required information 1900 DLOU > OUT March 5 March 9 March 18 March 25 March 29 Totals Perpetual LIFO > Perpetual LIFO: Goods Purchased #of Cost per units unit Cost of Goods Sold Cost of Goods Sold Cost per # of units sold Date Inventory Balance Cost per Inventory # of units unit Balance 140 @ $ 51.80 = $ 7,252.00 unit March 1 March 5 March 9 March 18 March 25 March 29 Required information 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 Cost of Goods Sold Inventory Balance #of Cost per #of units Cost per Date Cost of Goods Sold # of units units Inventory Balance unit sold unit March 1 140 @ $51.80 = $ 7,252.00 March 5 Cost per unit Average March 9 March 18 Average March 25 March 29 Totals Cost of Goods Sold Goods Purchased # of units unit Cost per Cost per Date # of units sold Cost of Goods Sold Inventory Balance Cost per # of units unit Inventory Balance 140 @ $51.80 = $ 7.252.00 unit March 1 March 5 March 9 March 18 March 25 March 29