Chapter 5 Assignment Saved Saved 6 ! Required information Part 2 of 3 Problem 5-2AA Periodic: Alternative cost flows LO P3 [The following information applies to the questions displayed below.] 10 points Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March Units Sold at Retail Units Acquired at Cost 200 units @ $90 per unit 500 units @ $95 per unit eBook 520 units @ $125 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 320 units @ $100 per unit 400 units @ $102 per unit Print 360 units @ $135 per unit 880 units 1,420 units References For specific identification, the March 9 sale consisted of 70 units from beginning inventory and 450 units from the March 5 purchase; the March 29 sale consisted of 140 units from the March 18 purchase and 220 units from the March 25 purchase. Problem 5-2AA Part 3 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. (Round your average cost per unit to 2 decimal places.) Chapter 5 Assignment Saved Saved 6 ! Required information Part 2 of 3 Problem 5-2AA Periodic: Alternative cost flows LO P3 [The following information applies to the questions displayed below.] 10 points Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March Units Sold at Retail Units Acquired at Cost 200 units @ $90 per unit 500 units @ $95 per unit eBook 520 units @ $125 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 320 units @ $100 per unit 400 units @ $102 per unit Print 360 units @ $135 per unit 880 units 1,420 units References For specific identification, the March 9 sale consisted of 70 units from beginning inventory and 450 units from the March 5 purchase; the March 29 sale consisted of 140 units from the March 18 purchase and 220 units from the March 25 purchase. Problem 5-2AA Part 3 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. (Round your average cost per unit to 2 decimal places.)