Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Unito Sold at Retail Date March 1 March 5 March 9 March 18 March 25 March 29 Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals Units Aequired at Cost 170 units $52.40 per unit 260 units e$57.40 per unit 120 units $62.40 per unit 220 units # $64.40 per unit 330 units $87.40 per unit 770 units 200 units . $97.40 per unit 530 units Compute the cost assigned to ending inventory using (a) FIFO. (6) LIFO. () weighted average, and (c) specific identification. For ecific identification, units sold include 100 units from beginning inventory, 230 units from the March 5 purchase, 80 units from the ich 18 purchase, and 120 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. irpetual Fifo Perpetual LIFO Weighted Specific id Average compute the cost assigned to ending inventory using FIFO. Date Goods Purchased Cost per #of units unit Perpetual FIFO: Cost of Goods Sold Cost per cost of Goods Sold unit # of units sold Inventory Balance Cost per # of units Inventory Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Units sold at Retail Date March 1 March 5 March 9 March 18 March 25 March 29 Activities Beginning inventory Purchase Sales Purchase Purchase Sales Total Units Acquired at Cost 170 units @ $52.40 per unit 260 units $57.40 per unit 120 units @ $62.40 per unit 220 units $64.40 per unit 330 units # $87.40 per unit 770 units 200 unita $97.40 per unit 530 unita 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include 100 units from beginning inventory 230 units from the March 5 purchase, 80 units from the March 18 purchase, and 120 units from the March 25 purchase (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar) Gross Margin FIFO LIFO Weighted Average Specific ID Sales Less: Cost of goods sold Gross profit