the work Required information Problem 5-1A (Algo) Periodic: Alternative cost flows LO P1 (The following information applies to the questions displayed below.) Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March Units Acquired at Cost 180 units @ $70 per unit 480 unitse $75 per unit Units sold at Retail Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 500 unitse $105 per unit 280 unitse $80 per unit 360 unitse $82 per unit 1,300 units 320 unitse $115 per unit 820 units For specific identification, the March 9 sale consisted of 90 units from beginning inventory and 410 units from the March 5 purchase; the March 29 sale consisted of 120 units from the March 18 purchase and 200 units from the March 25 purchase. Problem 5-1A (Algo) Part 3 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO. (c) weighted average, and (d) specific identification (Round your "average cost per unit" to 2 decimal places.) Answer is not complete. a) Periodic FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory ed Check my work mode: This shows what is correct or incorrect for the work you 3. Compute the cost assigned to ending Inventory using (o) FIFOLIFO, Id weighted average, and specific identification (Round your average cost per unit to 2 decimal places) Answer is not complete aj Parodie FIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for sale Cost of of Cost Goods units per unit Available for Sale 180$ 70,00 $ 12,600 of units sold Cost per un Costed Goode Sold of units In ending Inventory Cost per un Ending Inventory 100$ 70.00 512,600 $ 0.00 $ 0 D Beginning inventory Purchases March 5 March 18 March 25 Total $ 0.00 $ 0.00 480 75.00 280 8000 360S 8200 1.300 36,000 22.400 29,520 $ 100,520 $ 0.00 $ 0.00 380 82.00 360 0 0 0 29.520 $ 20.520 180 $12,600 h) Periodic LIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of of Cost Goods units per unit Available for Sale 180 $ 70.00 $ 12.000 co units sold Cost per unit Cost of Goods Sold of units Inending inventory Cost per un Ending Inventory 1803 $ 70.00 $12,600 0 Beginning inventory Purchases March 450 280 350 1.300 $ 75,00 $ 80.00 $ 82.00 0 36.000 22.400 29.520 $ 100.520 March 25 Total 0 180 $12.600 0 Average Cost Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Average Cost Goods units Available per unit for Sale 180 $ 12,600 of units sold Average Cost per Unit Cost of Goods Sold of units ending Inventory Average Cool pert Ending Inventory Beginning inventory Purchases March 5 March 18 March 25 Total 480 280 360 1,300 38.000 22.400 29,520 $ 78.75 100.520 8203 77.32563,402 480 7732S 37.156 Specific identification Cost of Goods Avalable for Sale Cost of Goods Sold Ending Inventory of units Cost per unit Cost of Goods Available for Sale S 12,600 #of unite sold Cost perit Cost of Goode Sold Hof units In ending Inventory Cost per un Ending Inventory 180 $ 70.00 90$ 70.00 $ 6,300 $ 70.00 $ 0 + Beginning inventory Purchases March 5 March 18 March 26 Total 480 260 360 1,300 *** $ 75,00 $ 80.00 $ 8200 38.000 22,400 29.520 $ 100,520 410 75.00 120S 80.00 200 82.00 320 30,750 9.600 16.400 563.050 $ 75.00 $ 80.00 $12.00 0 . 0