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Required information Problem 5-1A Perpetual: Alternative cost flows LO P1 [The following information applies to the questions displayed below.) Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transaction for March Units sold at Retail Units Acquired at Cost 60 units @ $50.20 per unit 205 units @ $55.20 per unit 220 units @ $85.20 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchasil Mar. 25 Purchase Mar. 29 Sales Totals 65 units @ $60.20 per unit 110 units @ $62.20 per unit 90 units e $95.20 per unit 310 units 440 units 5 Required information 3. Perpetual LIFO: Cost of Goods Sold Goods Purchased # of units unit Cost per Cost per Date # of units sold Cost per cost of Goods Sold Inventory Balance # of units Inventory unit Balance 60 @ $ 50.20 = $ 3,012.00 unit of 4 March 1 March 5 March 9 eBook March 18 ferences March 25 March 29 Totals $ 0.00 Weighted Average Specific Id Perpetual FIFO Perpetual LIFO 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 Date units unit March 1 Cost of Goods Sold # of units Cost per Cost of Goods Sold sold unit Inventory Balance #of units Cost per Inventory Balance unit 60 @ $ 50.20 = $ 3,012.00 March 5 Average cos March 9 March 18 Average March 25 March 20 Totals $ 0.00 Required information and 1/5 units from the March 5 purchase; the March 29 sale consisted of 25 units from the March 18 purchase and b5 units from Specific Identification: Goods Purchased # of Date units unit March 1 Cost per Cost of Goods Sold # of units Cost of Goods sold unit Sold Cost per Inventory Balance # of units Cost per Inventory Balance unit 60 @ $50.20 - $ 3,012.00 March 5 March 9 March 18 cos March 25 March 29 $ 0.00 Totals