Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date March 1 March 5 Activities Beginning inventory Units Acquired at Cost Units Sold at Retail 100 units Purchase 400 units @ $50 per unit @ $55 per unit March 9 Sales 420 units $85 per unit March 18 March 25 March 29 Purchase Purchase Sales 120 units 200 units @ $60 per unit $62 per unit Totals 820 units 160 units @ $95 per unit 580 units 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. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using specific identification. For specific identification, units sold include 80 units from beginning inventory S purchase, 40 units from the March 18 purchase, and 120 units from the March 25 purchase. Specific Identification: Goods Purchased Cost of Goods Sold Inventory Balance Date # of units Cost per unit Goods Puchased # of units sold Cost per unit March 11 March 5 March 18: 100 at 400 at $50.00 $ 5,000 at $50.00 Cost of Goods Sold $ # of units Cost per unit Inventory Balance 0.00 at $50.00= S 0.00 $55.00 NO 22,000 at $55.00 at $55.00- 120 at March 25 Totals 200 at $60.00 $62.00 = B 7,200 at 560.00 4 0.00 at $60.00 0.00 $ 12.400 at $62.00 at $62.00- $ 0.00 S 0.00