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

$($c$)$ specific identification.

For specific identification, units sold include $55$ units from beginning inventory, $185$ units from the March $5$ purchase, $35$ units from the March $18$ purchase, and $75$ units from the March $25$ purchase.

Complete this question by entering your answers in the tabs below.

Perpetual FIFO Perpetual LIFO

Weighted Average

Specific Id

Compute the cost assigned to ending inventory using FIFO.

Perpetual FIFO: