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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 Activities Units Acquired at Cost Units Sold at Retail Mar. 1 Beginning inventory 120 units@ $55 per unit Mar 5 Purchase 42 uits@ $68 per unit 9 Sales 448 units @ $99 per unit Mar. 18 Purchase 160 units @ $65 per unit 240 units $67 per unit 200 units @ 100 per unit Totals 640 units Date Mar. Mar. 25 Purchase Mar. 29 Sales 940 units For specific identification, the March 9 sale consisted of 40 units from beginning inventory and 400 units from the March 5 purchase, the March 29 sale consisted of 60 units from the March 18 purchase and 140 units from the March 25 purchase 3. Compute the cost assigned to ending inventory using (@) FIFO. (D) LIFO. (c) weighted average, and (d) specific identification (Round your average cost per unit to 2 decimal places.) Cost of Goods Sold Ending Inventory a) Periodic FIFO Cost per Cost of Goods Available for Sale Cost Cost per # of units Goods unit Available for Sale $ 0 # of units sold # of units in ending inventory Ending Inventory unit Cost of Cost per Goods unit Sold $ 0.00 $ 0 $ 0.00 $ 0 0 Beginning inventory Purchases March 5 March 18 March 25 Total $ $ OOO 0.00 0.00 0 OOO 3 0.00 $ 0.00 $ 0.00 0 0 0 0 0 0 es b) Periodic LIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of # of units Goods unit Available for Sale Cost per # of units sold Cost per Cost of Goods Sold unit # of units in ending inventory Cost per unit Ending Inventory $ 0 21 Beginning inventory Purchases March 5 March 18 March 25 Total 0 0 0 0 0 c) Average Cost Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Average Cost of Goods # of units Cost per unit Available for Sale + Average Average # of units sold Cost per Cost of Goods Sold # of units in ending inventory Cost per Ending Inventory Unit unit Beginning inventory Purchases March 5 March 18 March 25 Total 0 $ 0 -4 d) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost per #of units Cost of Goods Available for Sale # of units sold Cost per unit Cost per Cost of Goods Sold unit # of units in ending inventory unit Ending Inventory $ 0 $ 0 0 2:33 Beginning inventory Purchases March 5 March 18 March 25 Total d OOC 0 0 DOO 0 0 0 cos