How do I 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 130 units from beginning inventory and 260 units from the March 5 purchase; the March 29 sale consisted of 110 units from the March 18 purchase and 150 units from the March 25 purchase.

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 Units Sold at Retail Mar . 1 Beginning inventory 230 units @ $53.60 per unit Mar 5 Purchase 290 units @ $58.60 per unit Mar . 9 Sales 390 units @ $88.60 per unit Mar. 18 Purchase 150 units @ $63.60 per unit Mar. 25 Purchase 280 units @ $65.60 per unit Mar. 29 Sales 260 units @ $98.60 per unit Totals 950 units 650 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 130 units from beginning inventory and 260 units from the March 5 purchase; the March 29 sale consisted of 110 units from the March 18 purchase and 150 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Weighted Perpetual FIFO Perpetual LIFO Specific Id Average Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Goods Purchased Cost of Goods Sold Inventory Balance # of Date Cost per # of units sold Cost per Cost of Goods Sold # of units Cost per Inventory units unit unit unit March 1 230@ $ 53.60 = March 5 March 9 March 18 March 25 March 29 Totals