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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

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

March 1 Begin. inventory 160 units @ $52.20 per unit

March 5 Purchase 255 units @ $57.20 per unit

March 9 Sales 320 units @ $87.20 per unit

March 18 Purchase 115 units @ $62.20 per unit

March 25 Purchase 210 units @ $64.20 per unit

March 29 Sales 190 units @ $97.20 per unit

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 95 units from beginning inventory, 225 units from the March 5 purchase, 75 units from the March 18 purchase, and 115 units from the March 25 purchase.

Compute the cost assigned to ending inventory using FIFO. Please fill out the chart

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