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

110

units

@ $51.20/unit

Mar.

5

Purchase

230

units

@ $56.20/unit

Mar.

9

Sales

270

units

@ $86.20/unit

Mar.

18

Purchase

90

units

@ $61.20/unit

Mar.

25

Purchase

160

units

@ $63.20/unit

Mar.

29

Sales

140

units

@ $96.20/unit

Totals

590

units

410

units

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 70 units from beginning inventory and 200 units from the March 5 purchase; the March 29 sale consisted of 50 units from the March 18 purchase and 90 units from the March 25 purchase. (Round your average cost per unit to 2 decimal places.)

Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. 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 70 units from beginning inventory and 200 units from the March 5 purchase; the March 29 sale consisted of 50 units from the March 18 purchase and 90 units from the March 25 purchase. (Round your average cost per unit to 2 decimal places.)