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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 March

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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 March 1 Beginning inventory Units Sold at Retail 170 units @ $52.40 per unit March 5 Purchase 260 units @ $57.48 per unit March 9 Sales 330 units @ $87.40 per unit March 18 Purchase 120 units @ $62.40 per unit March 25 Purchase 220 units @ $64.40 per unit March 29 Sales 200 units @ $97.40 per unit Totals 770 units 530 units 3. Compute the cost assigned to ending inventory using (@) FIFO. (6) LIFO. ( weighted average, and (c) specific identification. For specific identification, units sold include 100 units from beginning inventory, 230 units from the March 5 purchase, 80 units from the March 18 purchase, and 120 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. 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 specific identification. For specific identification, units sold include 100 units from beginning inventory, 230 units from the March 5 purchase, 80 units from the March 18 purchase, and 120 units from the March 25 purchase. Specific Identification Goods Available for Sale Cost of Goods Sold Ending Inventory Date # of units Cost of Goods Cost per # of units Available for Cost per of units Cost of unit Cost per Ending Sale sold unit Inventory unit Inventory March 1 5 $ 0.00 $ 0 $ 0.00 $ 0 March 5 0 0.00 0 0.00 0 March 18 0 0.00 0.00 0 March 25 0 0.00 O Total 5 0 0 $ 0 0 $ Goods sold in ending 0 0 Weighted Average

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