Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Units Acquired at Cost 60 unitsa $50.20 per unit 205 units@ $55.20 per unit Units Sold at Retail Date Activities 1 Beginning inventory Mar Mar 5 Purchase 220 units@ $85.20 per unit 9 Sales 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. Complete this question by entering your answers in the tabs below. Weighted Average Perpetual FIFO Perpetual LIFO Specific Id Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Goods Purchased Cost of Goods Sold Inventory Balance Cost per # of units sold Cost per Cost of Goods Sold Cost per # of Inventory Balance Date # of units units unit unit unit March 1 60@ 3,012.00 50.20 March 5 March 9 March 18 March 25 March 29 Totals 0.00 Perpetual FIFO Perpetual LIFO Perpetual Weighted Average Perpetual FIFO Specific Id LIFO Compute the cost assigned to ending inventory using LIFO Perpetual LIFO: Goods Purchased Cost of Goods Sold Inventory Balance Cost pe of units sald Cost per Cost of Goods Sold unit Cost per #of Inventory Balance Date # of units units unit unit 60 $3,012.00 March 1 50.20 March 5 March 9 March 18 March 25 March 29 Totals 0.00 Weighted Average Perpetual FIFO Perpetual Perpetual LIFO Weighted Average Specific Id FIFO Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places.) Weighted Average Perpetual: Cost of Goods Sold Goods Purchased Inventory Balance Cost per of units soldCost pel Cost of Goods Sold unit Cost per Inventory Balance unit #of Date # of units 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 Perpetual LIFO Specific Id www mT Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using 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. Specific Identification: Goods Purchased Cost of Goods Sold Inventory Balance Cost perof units soldCost per Cost of Goods Sold unit Cost per Inve ntory Balance unit # of #of units Date units unit March 1 60 @ 3,012.00 50.20 = March 5 March 9 March 18 March 25 March 29 Totals 0.00 Weighted Average Specific Id