Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date Units Acquired at Cost: March 1 Activities Beginning inventory Units Sold at Retail 100 units March 5. Purchase 400 units March 91 Sales March 29 March 18 March 25 Sales Totals Purchase Purchase 120 units 200 units @$50 per unit @ $55 per unit $60 per unit @ $62 per unit 420 units $85 per unit 820 units 160 units $95 per unit 580 units Problem 5-1A (Static) Part 3 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (d) weighted average, and (d) specific identification. For specific identification, units sold include 80 units from beginning inventory, 340 units from the March 5 purchase, 40 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. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending Inventory using FIFO. < Prev 5 6 of 9 Next >