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

130

units

@ $51.60/unit

Mar.

5

Purchase

240

units

@ $56.60/unit

Mar.

9

Sales

290

units

@ $86.60/unit

Mar.

18

Purchase

100

units

@ $61.60/unit

Mar.

25

Purchase

180

units

@ $63.60/unit

Mar.

29

Sales

160

units

@ $96.60/unit

Totals

650

units

450

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 80 units from beginning inventory and 210 units from the March 5 purchase; the March 29 sale consisted of 60 units from the March 18 purchase and 100 units from the March 25 purchase. (Round your average cost per unit to 2 decimal places.)

Perpetual FIFO:

Goods purchased

Cost of Goods Sold

Inventory Balance

Date

# of units

Cost per unit

# of units sold

Cost per unit

Cost of Goods Sold

# of units

Cost per unit

Inventory Balance

March 1

130

@

$51.60

=

$6,708.00

March 5

March 9

March 18

March 25

March 29

Totals

$0.00