Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.

$3.$ 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 FIFO.

$\backslash$table$[[\backslash$table$[[$Perpetual FIFO:$],[$Cost of Goods Sold$]]],[$Date$,$Goods Purchased,# of unite Cost of Goods Sold,Inventory Balance$],[$# of units,$\backslash$table$[[$Cost per$],[$unit$]],\backslash$table$[[$# of units$],[$sold$]],\backslash$table$[[$Cost per$],[$unit$]],$Cost of Goods Sold,# of units,$\backslash$table$[[\backslash$table$[[$Cost per$],[$unit$]]],[$$$50\mathrm{.}00$