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

1. Compute cost of goods available for sale and the number of units available for sale.

2. Compute the number of units in ending inventory.

3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (a) specific identification. For specific identification, units sold include 80 units from beginning inventory, 340 units from the March 5 purchase, 40 units from the March 18 purchase, and 120 units from the March 25 purchase

4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include 80 units from beginning inventory, 340 units from the March 5 purchase, 40 units from the March 18 purchase, and 120 units from the March 25 purchase.

Note: Round weighted average cost per unit to 2 decimal places.

Compute the cost assigned to ending inventory using weighted average. Note: Round your average cost per unit to 2 decimal places. Compute the cost assigned to ending inventory using LIFO. Compute the cost assigned to ending inventory using specific identification. For specific identification, units sold include 80 units from beginning inventor units from the March 5 purchase, 40 units from the March 18 purchase, and 120 units from the March 25 purchase. Required information [The following information applies to the questions displayed below.] Warnerwoods Company uses a perpetual inventory system, It entered into the following purchases and sales transactions for March. 2. Compute the number of units in ending inventory. Required information [The following information applies to the questions displayed below.] Warnerwoods Company uses a perpetual inventory system, It entered into the following purchases and sales transactions for March. Required: 1. Compute cost of goods avalable for sale and the number of units available for sale. 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (C) weighted average, and (d) specific identification. For specific identification, units sold include 80 units from beginning inventory, 340 units from the March 5 purchase, 40 units from the March 18 purchase, and 120 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Compute the cost assigned to ending inventory using FIFO. March 25 Total March 25 March 29 Total March 29 Totals 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include 80 units from beginning inventory, 340 units from the March 5 purchase, 40 units from the March 18 purchase, and 120 units from the March 25 purchase. Note: Round weighted average cost per unit to 2 decimal places