Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March Unita Solidat Retail Units Acquired at Cast see units@ $50.00 per unit 400 units $55.Be per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 420 units sas. per unit 120 units @ $60.00 per unit 200 units @ $62.09 per unit 820 units 160 units $95.00 per unit Sue units 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 Problem 5-1AA Part 3 3. Compute the cost assigned to ending inventory using (0) FIFO. /b/LIFO. () Weighted average, and (d) specific identification Complete this question by entering your answers in the tabs below. Periode FIFO Periodic LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO. a) Periodic FIFO Cost of Goods Sold Ending Inventory + Cost of Goods Available for Sale Cost of of units Cost per Goods unit Available for Sale 100 $ 50 00 55.000 # of units Cost per sold Cost of Goods Sald # of units in ending inventory Cost per Ending Inventory 50 $ 50.00 $ 2,500 100 $ 50.00 55,000 Beginning inventory Purchases March 5 March 18 March 25 Total 22.000 7.200 400 $ 55 00 1200 S 6000 200 $ 62.00 820 55 S 55.00 60 $ 60.00 0 3.025 3.600 0 S 9.125 100 $ 55.00 80 $50.00 80 5 62.00 360 5.500 4.800 4960 $ 20.260 12.400 $ 45600 165 Preu May Units Sold at Retail Units Acquired at Cost 100 unitse $50.00 per unit 400 unitse $55.00 per unit Date Activities Mar 1 Beginning inventory Mar 5 Purchase Mar 9 Sales Mar 18 Purchase Man 25 Purchase Mar. 29 Sales Totals 420 units $85.00 per unit 120 units@ $60.00 per unit 200 unitse $62.00 per unit 160 unitse $95.00 per unit 580 units 820 units For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 340 units from the purchase the March 29 sale consisted of 40 units from the March 18 purchase and 120 units from the March 25 pu Problem 5-1AA Part 3 3. Compute the cost assigned to ending inventory using (a) FIFO. (b) LIFO. (d) weighted average, and (d) specific identifica Complete this question by entering your answers in the tabs below. Periodic FIFO Periodic LIFO Weighted Average Specfic la Compute the cost assigned to ending inventory using LIFO. b) Penodic LIFO Ending Inventory Cost of Goods Available for Sale Cost of of units Goods unit Available for Sale 1001 5 5000 $ 5,000 Cost per Cost of Goods Sold Cost of # of units Cost per Goods sold unit Sold # of units in ending inventory Cost per unit Ending Inventory 80550 00 34.000 100 $ 5000 $5,000 Beginning inventory Purchases March 5 March 18 March 25 Total 4001 s 5500 120 S 600D 2007 6200 820 22 000 7 2001 12.400 $ 46.600 340 S 55 00 40$ 60.00 120S 6200 18.7001 2.400 7.440 $ 32.540 400 $ 55.00 30 S 60 00 80 $ 6200 560 22.000 4.800 4 960 $ 35.760 500 Units Sold Metall Onits Acquired at Cost 100 units @ $50.00 per unit 480 units $55.00 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 420 units 585. per unit 120 units .00 per unit 200 units @ $62.00 per unit 820 units 160 unitse $95.80 per unit 580 units 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 Problem 5-1AA Part 3 3. Compute the cost assigned to ending inventory using (a) FIFO, (D) LIFO. (c) weighted average, and (d) specific identification N Complete this question by entering your answers in the tabs below. Periodic FIFO Periodic LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places Average Cost Ending Inventory Cost of Goods Available for Sale Cost of Goods Sold Average Cost of Goods Average #of units of units Cost per Cost of Available Goods Cost per sold Unit Sald for Sale 100 S 50 of units Average in ending cost per inventory un Ending Inventory Beginning inventory Purchases Match 5 March 18 March 25 Tota 400 120 200 320 $ 57 24 S 55 60 62 2271 14352 0 Problem 5-1AA Part 3 3. Compute the cost assigned to ending inventory using (a) FIFO. (6) LIFO. (c) weighted average, and (d) specific ident Complete this question by entering your answers in the tabs below. Periodic FIFO Periodic LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using specific identification. d) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of of units Cost per Goods unit Available Tor Sale 100 $ 5000 $5,000 # of units sold per unit Cost of Goods Sold #of units in ending inventory Cost per unit Ending Inventory 100 S 50.00 5.000 S 50 00 15 0 0 Beginning inventory Purchases March 5 March 18 March 25 Total 0 0 0 0 0 0 0 0 100 $ 5,000 100 S 5000 0