! Required information [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. Date Units Acquired at Cost Units Sold at Retail March 1 March 5 Activities Beginning inventory Purchase 135 units 435 units @$70 per unit. @$75 per unit March 9 Sales Purchase 455 units @ $105 per unit March 18 190 units 270 units March 25 @ $80 per unit @$82 per unit Purchase March 29 Sales 230 units @ $115 per unit 685 units Totals 1,030 units For specific identification, units sold include 80 units from beginning inventory, 375 units from the March 5 purchase, 75 units from the March 18 purchase, and 155 units from the March 25 purchase. 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.) Beginning inventory Purchases: March 5 March 18 March 25 Total b) Periodic LIFO Beginning inventory Purchases: March 5 March 18 March 25 Total c) Average Cost Beginning inventory Purchases: March 5 March 18 March 25 Total Cost of Goods Available for Sale # of units Cost per unit Cost of Goods Available for Sale 135 $70.00 $ 9,450 0 0 135 $ 9,450 Cost of Goods Available for Sale # of units Cost per unit Cost of Goods Available for Sale 135 $ 70.00 $ 9,450 135 $ 9,450 Cost of Goods Available for Sale Average # of units Cost per Cost of Goods Available for Sale unit 135 $ 9,450 135 9.450 0 Cost of Goods Sold # of units Cost per sold unit 0 $ 0.00 $ $ 0.00 $ 0.00 Cost of Goods Sold Cost per unit Cost of Goods Sold Average Cost per Unit # of units sold Cost of Goods Sold # of units sold Cost of Goods Sold Cost of Goods Sold $ 0 0 0 0 or Ending Inventory Cost per unit $ $ $ $ # of units in ending inventory 0.00 $ 0.00 0.00 0.00 0 Ending Inventory Cost per unit # of units in ending inventory 0 Ending Inventory Ending Inventory 0 # of units in Average ending Cost per inventory unit 0 0 0 Ending Inventory $ 0 0 0 Ending Inventory $ 0 Total d) Specific Identification Beginning inventory Purchases: March 5 March 18 March 25 Total 135 $ 9,450 Cost of Goods Available for Sale # of units Cost per unit Cost of Goods Available for Sale 135 $ $ $ 9,450 135 $ 9,450 70.00 Cost of Goods Sold Cost per unit $ 70.00 $ # of units sold 0 Cost of Goods Sold 0 0 0 0 0 Ending Inventory Cost per unit $ 70.00 $ # of units in ending inventory 0 Ending Inventory 0 0 0 0