! Checy 4 Required information Problem 5-1A 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 Unire sold at retail Mar. 1 Beginning inventory 100 units $51.00 per unit MAT 5 Purchase 225 units. $56.00 per unit Mar. 9 Sales 260 units. 586.00 per unit Mar. 18 Purchase 35 units $61.00 per unit Mar. 25 Purchase 150 unita 563.00 per unit Mar. 29 Sales 130 units $96.00 per unit Totals 560 units 390 units Problem 5-1A 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 65 units from beginning inventory and 195 units from the March 5 purchase; the March 29 sale consisted of 45 units from the March 18 purchase and 85 units from the March 25 purchase. Specific Identification: Goods Purchased #of Date units unit March 1 Cost per Cost of Goods Sold of units Cost per Cost of Goods sold unit Sold Inventory Balance # of units Cost per Inventory Balance unit 100 551.00 = $ 5,100.00 March 5 March 9 March 18 March 25 March 29 $ 0.00 Totals