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

180

units

@ $52.60 per unit

Mar.

5

Purchase

265

units

@ $57.60 per unit

Mar.

9

Sales

340

units

@ $87.60 per unit

Mar.

18

Purchase

125

units

@ $62.60 per unit

Mar.

25

Purchase

230

units

@ $64.60 per unit

Mar.

29

Sales

210

units

@ $97.60 per unit

Totals

800

units

550

units

3. Compute the cost assigned to ending inventory using (d) specific identification. For specific identification, the March 9 sale consisted of 105 units from beginning inventory and 235 units from the March 5 purchase; the March 29 sale consisted of 85 units from the March 18 purchase and 125 units from the March 25 purchase.