Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Date Activities Units Acquired at Cost Units sold at Retail Mar. 1 Beginning inventory 200 units & $53.00 per unit Mar. 5 Purchase 275 units X $58.00 per unit Mar. 9 Sales 360 units. $88.00 per unit Mar. 18 Purchase 135 units $63.00 per unit Mar. 25 Purchase 250 units $65.00 per unit Mar. 29 Sales 230 units & $98.00 per unit Totale 860 unita 590 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 115 units from beginning inventory and 245 units from the March 5 purchase; the March 29 sale consisted of 95 units from the March 18 purchase and 135 units from the March 25 purchase. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Cost of Goods Sold Goods Purchased # of Cost per units unit Cost per Cost per Date # of units sold Inventory Balance Inventory # of units unit Balance 200 $53.00 = $ 10,600.00 Cost of Goods Sold unit March 1 March 5 March 9 March 18 March 25 CO