Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Activities Date Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals Units Acquired at Cost 250 units @ $54.00 per unit 300 units @ $59.00 per unit 160 units @ $64.00 per unit 300 units @ $66.00 per unit 1,010 units Units Sold at Retail 410 units @ $89.00 per unit 280 units @ $99.00 per unit 690 units Problem 6-1A Part 3 3. 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. Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: March 1 March 5 March 9 Goods Purchased Cost of Goods Sold Date # of units Cost per unit # of units sold Cost per Cost of Goods Sold # of units unit 250 @ March 12 Inventory Balance Cost per unit $54.00 = Inventory Balance $ 13,500.00