Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Units solat Retan Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals Units Acquired at Cost 90 units $50.00 per unit 220 units $55.50 per unit 80 units $60.80 per unit 140 units $62.60 per unit 250 units $85.00 per unit 530 units 120 units 595.00 per unit 370 units Problem 6-1A Part 3 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 60 units from beginning inventory and 190 units from the March 5 purchase the March 29 sale consisted of 40 units from the March 18 purchase and 80 units from the March 25 purchase tar halo Perpetual LIFO: Goods Purchased #of units unit Date Cost per Cost of Goods Sold # of units sold unit Cost of Goods Sold Cost per March 1 Inventory Halance Cost per # of units Inventory unit Balance 90 @ $50.80 $ 457200 March 5 March 9 March 18 March 25 Weighted Average Perpetual: Goods Purchased # of Date units unit March 1 Cost per Inventory Balance Cost of Goods Sold # of units sold unit Cost of Goods Sold Cost per # of units Cost per unit Inventory Balance $ 50,80 = 4,572.00 90 @ $ March 5 Average March 9 March 18 Averago March 25 March 29 Totals $ 0.00 Permetual LEO Specil Prey 12 of 18 HE Next Specific Identification: Goods Purchased # of units unit March 1 Date Cost per Cost of Goods Sold # of units Cost of Goods sold unit Sold Cost per Inventory Balance # of units Cost per unit Inventory Balance 90 @ $50.80 = S 4,572.00 March 5 March 9 March 18 March 25