Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, units sold include 125 units from beginning inventory, 255 units from the March 5 purchase, 105 units from the March 18 purchase, and 145 units from the March 25 purchase.

Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Units Sold at Retail Units Acquired at Cost 220 units @ $53.40 per unit 285 units @ $58.40 per unit Date March 1 March 5 March 9 March 18 March 25 March 29 380 units @ $88.40 per unit Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals 145 units 270 units @ $63.40 per unit @ $65.40 per unit 250 units @ $98.40 per unit 630 units 920 units Perpetual FIFO: Cost of Goods Sold Goods Purchased Date Cost per Cost per Cost per # of units # of units sold Inventory Balance Inventory # of units unit Balance 220 at $ 53.40 = $ 11,748.00 Cost of Goods Sold unit unit March 1 March 5 Total March 5 March 9 Total March 9 March 18 Total March 18 March 25 Total March 25 March 29 Total March 29 Totals $ 0.00 Perpetual LIFO: Cost of Goods Sold Goods Purchased Date Cost per # of units Cost per # of units sold Cost per cost of Goods Sold Inventory Balance # of units Inventory unit Balance 220 at $ 53.40 = $ 11,748.00 unit unit March 1 March 5 Total March 5 March 9 Total March 9 March 18 Total March 18 March 25 Total March 25 March 29 Total March 29 Totals $ 0.00 Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places.) Weighted Average Perpetual: Cost of Goods Sold Goods Purchased Date Cost per # of units # of units sold Cost of Goods Sold Cost per unit # of units Inventory Balance Cost per Inventory Balance unit $ 53.40 = $ 11,748.00 unit March 1 220 at March 5 Average March 5 March 9 March 18 Average March 18 March 25 Average March 25 March 29 Totals $ 0.00 Specific Identification Goods Available for Sale Cost of Goods Sold Ending Inventory Date Cost per # of units Cost per unit Cost of Goods # of units Available for Sale Cost per unit Cost of Goods Sold # of units in ending inventory Ending Inventory sold unit March 1 $ $ 0.00 $ 0 $ 0.00 $ 0 Oo March 5 0.00 0 0.00 0 March 18 Oo ooo 0.00 0 0.00 0 March 25 0.00 0 Total 0 $ 0 $ 0 0 $ 0