Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Units Acquired at Cost 60 units$50.20 per unit 205 units$55.20 per unit Activities Units Sold at Retail Date 1 Beginning inventory 5 Purchase 9 Sales Mar. Mar. 220 units@$85.20 per unit Mar. 65 units$60.20 per unit 110 units $62.20 per unit Mar. 18 Purchase Mar. 25 Purchase 90 units $95.20 per unit Mar. 29 Sales 440 units 310 units Totals 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 45 units from beginning inventory and 175 units from the March 5 purchase; the March 29 sale consisted of 25 units from the March 18 purchase and 65 units from the March 25 purchase. Perpetual FIFO: Cost of Goods Sold Goods Purchased Inventory Balance Cost per unit Cost per unit Cost per unit #of units #of units sold Inventory Balance Date Cost of Goods Sold # of units March 1 $ 3,012.00 60@ $50.20 March 5 March 9 March 18 March 25 March 29 0.00 Totals $ Perpetual LIFO: Goods Purchased Cost per Cost of Goods Sold Cost per Cost of Goods Sold Inventory Balance Cost per unit #of units #of units sold Inventory Balance Date #of units unit unit March 1 60 @ $50.20 $ 3,012.00 March 5 March 9 March 18 March 25 March 29 Totals 0.00 Weighted Average Perpetual: Goods Purchased Inventory Balance Cost of Goods Sold Cost per #of units Cost per Cost of Goods Sold unit Cost per Inventory Balance unit #of units sold Date # of units unit March 1 60@ 3,012.00 $50.20 $ March 5 Average March 9 March 18 Average March 25 March 29 Totals 0.00 Specific Identification Goods Purchased Cost of Goods Sold Inventory Balance Cost per unit Cost per Inventory Balance unit Cost per unit #of units #of units sold Cost of Goods Sold Date #of units 60@ March 1 $50.20 3,012.00 March 5 March 9 March 18 March 25 March 29 Totals 0.00