Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Units Sold at Retail Mar. Units Acquired at Cost 110 units $51.2e per unit 230 units $56.20 per unit Date Activities 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 270 units @ $86.20 per unit 90 units @ $61.2e per unit 160 units $63.20 per unit 590 units 140 units 596.20 per unit 412 units 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 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. Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual UFO Weighted Average Specific id Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO Goods Purchased #ot Cost per units unit Date #of units sold Cost of Goods Sold Cost per Cost of Goods Sold unit Inventory Balance Cost per Inventory #of units Balance 110 e 551 20 = $ 5,632.00 March 1 March 5 March 9 March 18 March 25 March 20 Totals $ 0.00 Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Units Sold at Retail Units Acquired at Cost 110 units $51.20 per unit 230 units $56.20 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 270 units $86.20 per unit 90 units $61.20 per unit 160 units $63.20 per unit 140 units@ $96.20 per unit 410 units 590 units 3. Compute the cost assigned to ending inventory using (6) 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. Complete this question by entering your answers in the tabs below. Weighted Perpetual FIFO Perpetual LIFO Average Specific to Compute the cost assigned to ending Inventory using LIFO. Perpetual LIFO: Goods Purchased of Cost per units unit Date of units sold Cost of Goods Sold Cost per cost of Goods Sold unit Inventory Balance # of units Cost per Inventory unit Balance 110 @ $51.20 - $ 5,632.00 March 1 March 5 March 9 March 18 March 25 Totalis 5 0.00 Perpetual FIFO Weighted Average Warnerwoods Company uses a perpetual jnventory system. It entered into the following purchases and sales transactions for March Units Sold at Retail Units Acquired at Cost 110 units @ $51.20 per unit 230 units @ $56.20 per unit Date Activities Mar. 1 Beginning inventory Mar 5 Purchase Mar 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 270 units@ $86.20 per unit 90 units@ $61.20 per unit 160 units@ $63.20 per unit 590 units 140 units @ $96.20 per unit 410 units 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 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. Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific to Compute the cost assigned to ending Inventory using weighted average. (Round your average cost per unit to 2 decimal places.) Weighted Average Perpetual: Goods Purchased Date # of units unit March 1 Cost per Cost of Goods Sold # of units cost per cost of Goods Sold sold unit Inventory Balance # of units Cost per Inventory Balance unit March 5 110 @ $ 51.20 - $ 5,632.00 Average March 9 March 18 Average March 25 March 29 Totals 0.00 [The following information applies to the questions displayed below) Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Units Sold at Retail Units Acquired at Cost 110 units $51.20 per unit 230 units @ $56.20 per unit Mar. Date Activities Mar. 1 Beginning inventory 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 270 units@ $86.20 per unit 90 units@ $61.20 per unit 160 units @ $63.20 per unit 590 units 100 units 596.20 per unit 410 units 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 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. Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specificid Compute the cost assigned to ending inventory using 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. Specific Identification: Goods Purchased of Date Cost per units March 1 Cost of Goods Sold Cost per Cost of Goods unit Sold # of units sold unt Inventory Balance # of units Cost per Inventory Balance unit 110 @ $51.20 - $ 5.632.00 March 5 March 9 March 18 March 25 March 29 Totals 0.00 ( Weighted Average Required information [The following information applies to the questions displayed below.) Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Units Sold at Retail Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals Units Acquired at Cost 110 units @ $51.20 per unit 230 units@ $56.2e per unit 90 units@ $61.20 per unit 160 units @ $63.20 per unit 270 units@ $86.20 per unit 590 units 140 units @ $96.20 per unit 410 units 4. Compute gross profit earned by the company for each of the four costing methods. 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 urlits from the March 18 purchase and 90 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.) Answer is not complete. FIFO LIFO Avg. Cost Spec.ID Gross Margin Sales Less: Cost of goods sold Gross profit 27,630 % 16,800 $ 28,890 15.540 28,1503 16.280 28,600 15.8303 IS