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. rev: 02_08_2019_QC_CS-156418

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. Part 3 of 3 Activities Date Units Acquired at Cost Units Sold at Retail Beginning Mar. 1inventory 30 170 units $52.40 per unit points 260 units @ $57.40 per unit Mar. 5 Purchase eBook 330 units $87.40 per unit Mar. 9 Sales Print $62.40 per 120 unitsunit Mar. 18 Purchase $64.40 per 220 unitsunit Mar. 25 Purchase 200 units @ $97.40 per unit Mar. 29 Sales 770 units 530 units Totals Required information 33 Compute the cost assigned to ending inventory using specific identification. For spedfic identification, the March 9 sale consisted of 100 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. Specific Identification: Part 3 of 3 Goods Purchased Cost of Goods Sold Inventory Balance #of units Cost per unit # of units Cost per Cost of Goods Sold Cost per Inventory Balance unit Date # of units sold unit March 1 S 52 40 8.908 00 170@ $ points March 5 eBook Print March 9 March 18 March 25 Next of 3