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

200

units

@ $53.00 per unit

Mar.

5

Purchase

275

units

@ $58.00 per unit

Mar.

9

Sales

360

units

@ $88.00 per unit

Mar.

18

Purchase

135

units

@ $63.00 per unit

Mar.

25

Purchase

250

units

@ $65.00 per unit

Mar.

29

Sales

230

units

@ $98.00 per unit

Totals

860

units

590

units

Required information Problem 6-1A Perpetual: Alternative cost flows LO P1 The following information applies to the questions displayed below.J Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Units Sold at Retail Date Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Activities Units Acquired at Cost 200 units$53.00 per unit 275 units $58.00 per unit 360 units $88.00 per unit 135 units $63.00 per unit 250 units $65.00 per unit 230 unitse $98.00 per unit 590 units Totals 860 units Problem 6-1A Part 3 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 115 units from beginning inventory and 245 units from the March 5 purchase; the March 29 sale consisted of 95 units from the March 18 purchase and 135 units from the March 25 purchase Weighted Average Perpetual FIFO Perpetual LIFO Specific Id Compute the cost assigned to ending inventory using FIFO Perpetual FIFO Goods Purchased #of units Cost of Goods Sold Inventory Balance Cost perl # of units cost per unit Cost per Inventory Balance Date Cost of Goods Sold # of units unit sold unit March 1 200 53.00 10,600.00 March 5 March 9 March 18 March 25 March 29 Totals Weighted Average Specific Id Perpetual FIFO Perpetual LIFO Compute the cost assigned to ending inventory using LIFO. Perpetual LIFO: Goods Purchased Cost of Goods Sold Inventory Balance #of units Cost per! # of units Ostper! Cost per| unit Inventory Balance Date Cost of Goods Sold | # of units unit sold unit March 1 200 | @ | $53.00!= | $ 10,600.00 March 5 March 9 March 18 March 25 March 29 Totals Weighted Average Perpetual Cost of Goods Sold Goods Purchased #of units Inventory Balance Cost per | unit # of units sold Cost per unit Cost of Goods Sold Cost per unit Inventory Balance 200 $53.00$10,600.00 Date # of units March 1 March 5 Average March 9 March 18 Average March 25 March 29 Totals Specific Identification: Goods Purchased Cost of Goods Sold Inventory Balance #of units Cost per | unit # of units sold | Cost per unit Cost of Goods Sold Cost per Date # of units unit Invntory Balance $53.00S10,600.00 March 1 200 March 5 March 9 March 18 March 25 March 29 Totals