Please show work and explain how you got each number from.

Required information 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 March 1 Beginning inventory 175 units @ $65 per unit March 5 Purchase 475 units @ $70 per unit March 9 Sales 495 units $100 per unit March 18 Purchase 270 units $75 per unit March 25 Purchase 350 units @ $77 per unit March 29 Sales 310 units $110 per unit Totals 1,270 units 805 units For specific identification, units sold include 80 units from beginning inventory, 415 units from the March 5 purchase, 115 units from the March 18 purchase, and 195 units from the March 25 purchase. Required: 1. Compute cost of goods available for sale and the number of units available for sale. Cost of Goods Available for Sale #of Units Cost per Cost of Goods Unit Available for Sale 175$ 65$ 11,375 Beginning inventory Purchases: March 5 March 18 March 25 Total 475$ 270$ 350 $ 1,270 70 75 77 33,250 20.250 26,950 91,825 $ 2. Compute the number of units in ending inventory. Ending inventory 465 units 3. 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.) a) Periodic FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost per Cost per # of units of units sold Cost of Goods Available for Sale $ 0 Cost of Goods Sold unit Cost per unit of units in ending inventory unit Ending Inventory $ 0.00 $ 0 $ 0.00 $ 0 $ 0.00 0 0 Beginning inventory Purchases: March 5 March 18 March 25 Total 0 0 0 $ 0.00 0 $ $ $ 0.00 0.00 0.00 0 0 0 0 0 b) Periodic LIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Cost per Goods #of units unit Available for Sale #of units sold Cost per Cost per unit Cost of Goods Sold # of units in ending Inventory unit Ending Inventory $ 0 0 Beginning inventory Purchases: March 5 March 18 March 25 Total 0 0 c) Average Cost Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Average Cost of Goods # of units unit Available for Sale Cost per # of units sold Average Cost per Unit Cost of Goods Sold # of units in ending inventory Average Cost per unit Ending Inventory Beginning inventory Purchases: March 5 March 18 March 25 Total $ $ 0 d) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost per Cost per #of units sold Cost per # of units Cost of Goods Available for Sale Cost of Goods Sold unit unit # of units in ending inventory unit Ending Inventory $ 0 $ 0 0 Beginning inventory Purchases: March 5 March 18 March 25 Total 0 ololol 0 4. Compute gross profit earned by the company for each of the four costing methods. (Round your average cost per unit to 2 decimal places and final answers to nearest whole dollar) FIFO LIFO Weighted Average Specific Identification Sales Less: Cost of goods sold Gross profit $ 0 $ 0 $ 0 $ 0