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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 Units

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 170 units @ $52.40 per unit
Mar. 5 Purchase 260 units @ $57.40 per unit
Mar. 9 Sales 330 units @ $87.40 per unit
Mar. 18 Purchase 120 units @ $62.40 per unit
Mar. 25 Purchase 220 units @ $64.40 per unit
Mar. 29 Sales 200 units @ $97.40 per unit
Totals 770 units 530 units
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 100 units from beginning inventory and 230 units from the March 5 purchase; the March 29 sale consisted of 80 units from the March 18 purchase and 120 units from the March 25 purchase.

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