Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March. Date Mar. Activities 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals Units Acquired at Cost 145 units @ $80 per unit 445 units @ $85 per unit 210 units @ $90 per unit 290 units @ $92 per unit Units Sold at Retail 465 units @ $115 per unit. 1,090 units 250 units @ $125 per unit 715 units For specific identification, the March 9 sale consisted of 90 units from beginning inventory and 375 units from the March 5 purchase; the March 29 sale consisted of 85 units from the March 18 purchase and 165 units from the March 25 purchase. 2. Compute the number of units in ending inventory. 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 Activities Mar. Mar. 1 Beginning inventory 5 Purchase Units Acquired at Cost 145 units @ $80 per unit 445 units @ $85 per unit Units Sold at Retail Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales 465 units @ $115 per unit Totals 210 units @ $90 per unit 290 units @ $92 per unit 1,090 units 250 units @ $125 per unit 715 units For specific identification, the March 9 sale consisted of 90 units from beginning inventory and 375 units from the March 5 purchase; the March 29 sale consisted of 85 units from the March 18 purchase and 165 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 # of units Cost per Cost of Goods Cost of # of units # of units Cost per unit Available sold unit Goods Sold in ending inventory Cost per unit Ending Inventory for Sale Beginning inventory $ 0 $ 0.00 $ 0 $ 0.00 $ 0 Purchases: March 5 0 $ 0.00 0 $ 0.00 0 a) Periodic FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of # of units Cost per Goods # of units Cost per unit Available sold unit Cost of Goods Sold # of units in ending Cost per unit Ending Inventory inventory for Sale $ 0 $ 0.00 $ 0 $ 0.00 $ 0 Beginning inventory Purchases: March 5 March 18 March 25 0 $ 0.00 0 $ 0.00 0 0 $ 0.00 0 $ 0.00 0 0 0 $ 0.00 0 0 0 Total b) Periodic LIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory # of units Cost per unit Cost of Goods Available for Sale # of units sold Cost per unit Cost of Goods Sold # of units in ending inventory Cost per unit Ending Inventory Beginning inventory $ 0 Purchases: March 5 March 18 March 25 Total c) Average Cost Cost of Goods Available for Sale Average # of units Cost per unit Goods Available for Sale 0 Cost of Goods Sold 0 Ending Inventory 0 0 0 Cost of # of units sold Average Cost per Unit Cost of Goods Sold # of units in ending inventory Average Cost per unit Ending Inventory Ending Inventory Average Cost per unit c) Average Cost Cost of Goods Available for Sale Cost of Goods Sold Cost of Average # of units Cost per unit Goods Available for Sale # of units sold Average Cost per Unit Cost of Goods # of units in ending Sold inventory Beginning inventory Purchases: March 5 March 18 March 25 Total $ 0 Ending Inventory $ 0 d) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory # of units Cost per unit Cost of Goods Available for Sale # of units sold Cost per 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 0 0 0 0