- 5 Problems Help Save & Exit Submit Check my work Required information (The following information applies to the questions displayed below. Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Units Sold at Retail Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals Units Acquired at Cost 160 units@ $52.20 per unit 255 units @ $57.20 per unit 115 units@ $62.20 per unit 210 units @ $64.20 per unit 320 units@ $87.20 per unit 190 units@ $97.20 per unit 510 units 740 units 3. Compute the cost assigned to ending inventory using (FIFO, (b) LIFO. (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 95 units from beginning inventory and 225 units from the March 5 purchase; the March 29 sale consisted of 75 units from the March 18 purchase and 115 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Check my work Required information Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Goods Purchased #of Cost per units unit Cost of Goods Sold Cost per Cost of Goods Sold unit Date of units sold Con er od bolo or una controleren Inventory Balance Cost per Inventory #of units unit Balance 160 @ $ 52.20 = $ 8,352.00 March 1 March 5 March 9 March 18 er 5 Problems 1 Help Help Save & Exit Check my Required information f4 March 18 / / / / / / / March 25 ent March 292 TTT Totals ( Perpetual FIFO Perpetual LIFO >