Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March. Units Sold at Retail Units Acquired at Cost 195 units @ $85 per unit 495 units @ $90 per unit Mar. 515 units @ $120 per unit Date Activities Mar. 1 Beginning inventory 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 310 units @ $95 per unit 390 units @ $97 per unit 350 units @ $130 per unit 865 units 1,390 units For specific identification, the March 9 sale consisted of 60 units from beginning inventory and 455 units from the March 5 purchase; the March 29 sale consisted of 135 units from the March 18 purchase and 215 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.) a) Periodic FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost per unit # of units Cost per Cost of Goods Available for Sale $ 0 # of units Cost per sold unit Cost of # of units Goods in ending Sold inventory Ending Inventory unit 0.00 $ 0 $ 0.00 $ 0 Beginning inventory Purchases: March 5 0 0 0 $ $ 0.00 0.00 $ $ 0.00 0.00 March 18 0 0 0 March 25 0 0 $ 0.00 0 Total 0 0 0 b) Periodic LIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Goods Cost per # of units unit Available for Sale # of units Cost per sold unit Cost of Goods Sold # of units in ending inventory Cost per unit Ending Inventory $ 0 0 Beginning inventory Purchases: March 5 March 18 March 25 Total 0 0 0 0 c) Average Cost Cost of Goods Sold Cost of Goods Available for Sale Cost of Average Goods # of units Cost per Available unit for Sale # of units sold Average Cost per Unit Cost of Goods Sold Ending Inventory # of units Average Ending in ending Cost per Inventory inventory unit Beginning inventory Purchases: March 5 March 18 March 25 Total $ 0 0 d) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost per unit # of units Cost of Goods Available for Sale # of units Cost per sold unit Cost of Goods Sold # of units in ending inventory Cost per Ending Inventory unit $ 0 $ 0 0 0 Beginning inventory Purchases: March 5 March 18 March 25 Total 0 0 0 0 0 0