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Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. 3 . Compute the cost assigned to

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 65 units from beginning inventory, 195 units from the March 5 purchase, 45 units from the March 18 purchase, and 85 units from the March 25 purchase.
Complete this question by entering your answers in the tabs below.
\table[[Perpetual FIFO Perpetual LIFO,\table[[Weighted],[Average]],Specific Id]]
Compute the cost assigned to ending inventory using LIFO.
\table[[Perpetual LIFO:],[(),Goods Purchased,Cost of Goods Sold,Inventory Balance],[# of units,\table[[Cost per],[unit]],\table[[# of units],[sold]],\table[[Cost per],[unit]],Cost of Goods Sold,# of unit,,\table[[Cost per],[unit]],,\table[[Inventory],[Balance]]],[March 1,,,,,,100,at,$51.00,=,$,5,100.00
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