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Check my work mode: This shows what is correct or incorrect for the work you have completed so far. In ! Required information Problem 6-2AA Periodic: Alternative cost flows LO P3 [The following information applies to the questions displayed below) Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March Date Activities Units Acquired at Cost Units sold at Retail Mar. 1 Beginning inventory 130 units@ $65 per unit Mar. 5 Purchase 430 units @ $70 per unit Mar. 9 Sales 450 units@ $100 per unit Mar. 18 Purchase 180 units @ $75 per unit Mar. 25 Purchase 260 units 577 per unit Mar. 29 Sales 220 unitse $110 per unit Totals 1,000 units 670 units 50 For specific identification, the March 9 sale consisted of 70 units from beginning inventory and 380 units from the March 5 purchase, the March 29 sale consisted of 70 units from the March 18 purchase and 150 units from the March 25 purchase Problem 6-2AA Part 3 2. 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.) Answer is not complete. Required information Cost # of units Cost per unit Cost of Goods Available for Sale $ 8,450 # of units sold Cost per unit Cost of Goods Sold # of units in ending Inventory Ending Inventory per unit 130 $ $ 65.00 0 130 $ 65.00 8,450 70.00 Beginning inventory Purchases: March 5 March 18 March 25 430 180 260 $ 70.00 $ 75,00 $ 77.00 30.100 13,500 20,020 230 $ 70.00 180 $ 75,00 260 $ 77.00 14,000 0 16.100 13,500 20.020 $ 49,620 200 0 0 SO 0 Total 1,000 $ 72,070 670 330 $ 22,450 c) Average Cost Cost of Goods Available for Sale Cost of Average # of Goods Cost units Available for Sale 130 $ 8,450 Cost of Goods Sold # of Average Cost units of Cost Goods sold per Unit Sold Ending Inventory # of units Average Ending in ending Cost Inventory inventory per unit per unit Beginning inventory Purchases: March 5 March 18 March 25 Total 430 180 260 1,000 30,100 13,500 20.020 $ 72.10 X $ 72,070 670 $ 0 330 $ 72.10 X $ 23.793 d) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost # of units Cost per unit Cost of Goods Available for Sale $ 8,450 # of units sold Cost per unit Cost of Goods Sold $ 4,550 # of units in ending Inventory Ending Inventory per unit 130 $ 65.00 70 $ 65.00 60 $ 65.00 s 3.900 Beginning inventory Purchases: March 5 March 18 March 25 430 180 260 $ 70.00 $ 75,00 $ 77.00 30,100 13,500 20,020 380 $ 70.00 70 $ 75.00 150$ 77.00 670 26,600 5,250 11.550 $ 47,950 50 $ 70.00 110 $ 75.00 110 $ 77.00 3,500 8,250 8,470 Total 1,000 $ 72,070 330 $ 24,120