Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Units sold at Retail Date March 1 March 5 March 9 March 18 March 25 March 29 Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals Units Acquired at Cost 230 units @ $53.60 per unit 290 units @ $58.60 per unit 150 units & $63.60 per unit 280 units @ $65.60 per unit 390 units # $88.60 per unit 260 units & $98.60 per unit 650 units 950 units 3. Compute the cost assigned to ending inventory using (a) FIFO. (6) LIFO. () weighted average, and () specific identification. For specific identification, units sold include 130 units from beginning inventory, 260 units from the March 5 purchase, 110 units from the March 18 purchase, and 150 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Perpetual Fifo Perpetual LIFO Weighted Average Specific I Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Goods Purchased Cost of Goods Sold Date of units Cost per of units Cost per cost of Goods Sold unit sold March 1 2901 at $ 58.00 March 5 Inventory Balance Cost per # of units Inventory unit Balance 230 of $53.00 $ 12,328.00 230 at $53.60 $ 12,328.00 2901 at $ 58,60 - 16,994.00 $ 29,322 00 Total March 5 rurpetual Cost of Goods Sold Goods Purchased Date # of units Cost per unit # of units sold Cost per unit Cost of Goods Sold March 1 Inventory Balance Cost per # of units Inventory unit Balance 230 at $ 53.60 = $ 12,328.00 230 at $ 53,60 = $ 12,328.00 290 at $ 58.60 = 16,994.00 $ 29,322.00 2901 at March 5 $ 58,60 Total March 5 $ at March 9 Total March 9 230 at at $ 53.60 $ 58.60 12,328.00 0.00 12,328.00 $ 53,60 $ 58.60 at $ 150 at $63.60 at March 18 at 150 at $ 53.60 $ 58.60 $ 63.60 = Total March 18 9,540.00 $ 9,540.00 280 at $65.60 at March 25 at $ 53.60 $ 58.60 $63.60 $ 65.60 at at Total March 25 March 29 Total March 29 Totals $ 12,328.00 Cost of Goods Sold Date Goods Purchased Cost per # of units unit Cost per # of units sold unit Cost of Goods Sold Inventory Balance Cost per Inventory # of units unit Balance 230 at $ 53.60 = $ 12,328.00 March 1 March 5 Total March 5 March 9 Total March 9 March 18 Total March 18 March 25 Total March 25 March 29 Total March 29 Totals $ 0.00 3. Compute the cost assigned to ending inventory using (a) FIFO (6) LIFO, () weighted average, and (d) specific identification. For specific identification, units sold include 130 units from beginning inventory, 260 units from the March 5 purchase, 110 units from the March 18 purchase, and 150 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific to Compute the cost assigned to ending Inventory using weighted average. (Round your average cost per unit to 2 decimal places). ELLER Weighted Averago Perpetual Cost of Goods Sold Cost per unit Cost of Goods Sold Goods.Purchased Cost per # of units unit Date # of units sold # of units Inventory Balance Cost per unit Inventory Balance $ 53.60 $ 12,328.00 March 1 230 at March 5 Average March March 9 + March 18 Averago March 18 March 26 Average March 25 March 29 Totals $ 0.00 3. Compute the cost assigned to ending inventory using () FIFO (6) LIFO. (d weighted average, and (specific identification. For Specific identification, units sold include 130 units from beginning inventory, 260 units from the March 5 purchase, 110 units from the March 18 purchase, and 150 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific la Compute the cost assigned to ending inventory using specific Identification. For specific identification, units sold include 130 units from beginning inventory, 260 units fror 5 purchase, 110 units from the March 18 purchase, and 150 units from the March 25 purchase. Specific Identification: Goods Purchased Cost of Goods Sold Inventory Balance Date of units Cost per Goods 1 of units Cost per cost of Goods Sold # of units Coat per inventory Balance unit Puchased sold unit unit March 1 230 at $53.60 $ 12328 at 55380 $ 0.00 a! $53.60 = $ 0.00 March 5 290 at $58.60 16.994 $58.60 $58,60 March 18 150 at $63.60 9,540 $63.60 0.00 $63.60 0.00 March 25 280 at $65.60 $ 18,368 $65.60 at $65.60- Total $ 0.00 $ 0.00 at at 01