Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March. Date March 1 March 5 Activities Beginning inventory Purchase March 9 Sales March 18 Purchase March 25 March 29 Purchase Sales Units Acquired at Cost 125 units @ $60 per unit 425 units @ $65 per unit 170 units @ $70 per unit 250 units @ $72 per unit Units Sold at Retail 445 units $95 per unit Totals 970 units 210 units @ $105 per unit 655 units For specific identification, units sold include 80 units from beginning inventory, 365 units from the March 5 purchase, 65 units from the March 18 purchase, and 145 units from the March 25 purchase. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. (Round our "average cost per unit" to 2 decimal places) b) Periodic LIFO Beginning inventory Purchases: Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Cost of # of units in # of units Cost per unit Goods Available # of units sold Cost per unit Cost per Ending Goods Sold ending inventory unit Inventory for Sale 125 $ 60.00 $ 7,500 $ 0 March 5 425 65.00 27,625 March 18 170 $ 70.00 11,900 March 25 Total 250 $ 72.00 970 18,000 $ 65,025 0 c) Average Cost Cost of Goods Available for Sale Beginning inventory Purchases: 0 Cost of Goods Sold Ending Inventory Cost of Average Goods # of units Cost per unit Available for Sale # of units sold Average Cost per Unit Cost of Goods # of units in Sold ending inventory Average Cost per Ending Inventory unit 125 $ 7,500 0 0 0 March 5 425 27,625 March 18 170 11,900 March 25 250 18,000 Total 970 $ 65,025 $ 0 $ 0