Waterwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March Date Mar Units Sold at Retail Units Acquired at Cost 175 units 365 per unit 475 units @ $70 per unit Activities 1 Beginning inventory Mar S Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 495 units@ $100 per unit 270 units @ $75 per unit 350 units@ $77 per unit 310 units @ $110 per unit es units 1,278 units For specific identification, the March 9 sale consisted of 80 units from beginning Inventory and 415 units from the March 5 purchase the March 29 sale consisted of 115 units from the March 18 purchase and 195 units from the March 25 purchase. 3. Compute the cost assigned to ending inventory using (a) FIFO. (O) UFO. (c) weighted average, and (c) specific Identification (Round your "average cost per unle" to 2 decimal places) a) Periodic FIFO Cost of Goods Sold Ending inventory Cost of Goods Available for Sale Cost of Goods unit Available for Sale 5 0 of units Cost per of units sold Cost per Cost of Goods Sold Cost per unit w of units in ending Inventory unit Ending Inventory $ 0.00 9 0 S. 0.005 0 $ 3 0 Beginning inventory Purchases March March 10 Mar 25 Total 0 0 0 0.00 0,00 5 5 0 ol 0.00 0.00 0.00 s 0 0 b) Periodic LIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Goods # of units unit Available for Sale Cost per # of units Cost per sold unit Cost per Cost of Goods Sold # of units in ending inventory unit Ending Inventory S ol Beginning inventory Purchases: March 5 March 18 March 25 0 0 ol Total 0 0 c) Average Cost Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Average # of units Cost per Goods unit Available for Sale Average # of units sold Cost per Cost of Goods Sold #of units in ending inventory Average Cost per unit Ending Inventory Unit Beginning inventory Purchases: March 5 March 18 March 25 Total S d) Specifio identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory # of units Cost per Cost of Goods Available for Sale Wof units Cost per sold unit unit Cost of Goods Sold Wof units in ending Inventory Cost per unit Ending Inventory 0 10 Beginning inventory Purchases March : March 18 March 25 Tore 01 0 0