The Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March 2019. For specific identification: The March 9 sale consisted of 80 units from beginning inventory and 340 units from the March 5 purchase; The March 29 sale consisted of 40 units from the March 18 purchase and 120 units from the March 25 purchase. Date Activities Units Acquired at Cost Units Sold at Retail 100 units a $50.00 per unit 400 units a $55.00 per unit Mar. 1 Mar. 5 Mar 9 Mar. 18 no 420 units a $85.00 per unit Beginning inventory........ Purchase Sales Purchase.. .... Purchase Sales. Totals 120 units a $60.00 per unit 200 units a $62.00 per unit 160 units a $95.00 per unit 580 units 820 units Compute the cost assigned to ending inventory using FIFO, Date Goods Purchased Cost of Goods Sold Inventory Balance Mar. 1 100 @ $50.00 Mar. 5 400 @ $55.00= $22,000 100@$50.00 400 @ $55.00 Mar. 9 100 @ $50.00 - $ 5,000 320 @ $55.00 = $17,600 @ $55.00 @ $55.00 Mar. 18 120 @ $60.00 - $ 7.200 @ $60.00 80 @ $55.00 120 @ $60.00 200 @562.00 200 @ $62.00 = $ 12,400 Mar. 25 30 @ $55.00 = $ 4.400 80 $60.00 - @$60.00 @ $62.00