Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.

Date

Activities

Units Acquired at Cost

Units Sold at Retail

Mar.

1

Beginning inventory

250

units

@ $54.00/unit

Mar.

5

Purchase

300

units

@ $59.00/unit

Mar.

9

Sales

410

units

@ $89.00/unit

Mar.

18

Purchase

160

units

@ $64.00/unit

Mar.

25

Purchase

300

units

@ $66.00/unit

Mar.

29

Sales

280

units

@ $99.00/unit

Totals

1,010

units

690

units

Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 140 units from beginning inventory and 270 units from the March 5 purchase; the March 29 sale consisted of 120 units from the March 18 purchase and 160 units from the March 25 purchase. (Round your average cost per unit to 2 decimal places.)

rev: 03_20_2013_QC_27089, 04_17_2013_QC_29162