Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date Activities Mar. Mar. 1 Beginning inventory 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals Units Acquired at Cost 180 units @ $52.60 per unit 265 units @ $57.60 per unit Units Sold at Retail 340 units @ $87.60 per unit 125 units @ $62.60 per unit 230 units @ $64.60 per unit 800 units 210 units @ $97.60 per unit 550 units 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 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. 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: Goods Purchased Cost of Goods Sold Date # of units Cost per unit # of units sold Cost per unit Cost of Goods Sold # of units March 1 180 @ $ 52.60 = March 5 265 @ $57.60 180 @ 265 @ $ 52.60 = $57.60 = March 9 180 @ $ 52.60 = $ 9,468.00 160 @ $ 57.60 = 9,216.00 105 @ 235 @ $ 52.60 = $57.60 = $ 18,684.00 Inventory Balance Cost per unit Inventory Balance $ 9,468.00 $ 9,468.00 15,264.00 $ 24,732.00 $ 5,523.00 13,536.00 $ 19,059.00 March 18 March 25 March 29 Totals S 18,684.00