Check my work Required information Problem 6-1A Perpetual: Alternative cost flows LO P1 {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. Date Activities Units Acquired at Cost Mar. 1 Beginning inventory Units sold at Retail 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 Problem 6-1A Part 3 3. 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. Prey 3 4 of 8 0 Next >