Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date Activities Mar. 1 Beginning inventory Mar, 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Units Acquired at Cost 100 units @ $50.00 per unit 400 units @$55.00 per unit 120 units @$60.00 per unit 200 units @$62.00 per unit Totals 820 units Units Sold at Retail 420 units @ $85.00 per unit 160 units @ $95.00 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, the March 9 sale consisted of 80 units from beginning inventory and 340 units from the March 5 purchase; the March 29 sale consisted of 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 FIFO. Perpetual FIFO: Goods Purchased Date March 1 # of units Cost of Goods Sold Cost per unit # of units sold Cost per Cost of Goods Sold # of units unit March 5 400 @ $55.00 March 9 100 100 4000 Inventory Balance Cost per unit $50.00 $50.00 - $55.00- Inventory Balance $ 5,000.00 $ 5,000.00 22,000.00 $ 27.000.00 100 $50.00 $ 5,000.00 $ 50.00 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 80 units from beginning inventory and 340 units from the March 5 purchase; the March 29 sale consisted of 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 LIFO. Perpetual LIFO: Goods Purchased Cost of Goods Sold Date # of units Cost per unit # of units sold Cost per unit Cost of Goods Sold # of units Inventory Balance Cost per unit Inventory Balance March 1 100 @ $50.00- $ 5,000.00 March 5 400 $55.00 100@ 400 $50.00- $55.00- $ 5,000.00 22.000.00 $ 27,000.00 March 9 20 @ $50.00 $ (2) $55.00 1,000.00 0.00 80 @ $50.00- $55.00- $ 4,000.00 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 80 units from beginning inventory and 340 units from the March 5 purchase; the March 29 sale consisted of 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 weighted average. (Round your average cost per unit to 2 decimal places.) Weighted Average Perpetual: Goods Purchased Date # of units March 1 March 5 Average March 9 March 18 Cost of Goods Sold Cost per unit # of units sold Cost per unit Cost of Goods Sold # of units Inventory Balance Cost per Inventory Balance unit 100 $50.00- $ 5,000.00 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 80 units from beginning inventory and 340 units from the March 5 purchase; the March 29 sale consisted of 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, the March 9 sale consisted of 80 units fro and 340 units from the March 5 purchase: the March 29 sale consisted of 40 units from the March 18 purchase and 120 units from the March 2 Specific Identification: Goods Purchased # of Date units Inventory Balance Cost per unit Cost per # of units unit sold Cost of Goods Sold Cost per unit Cost of Goods Sold of units Inventory Balance 100 @ $50.00 = $ 5,000.00 March 1 March 5 March 9