Problem $5-1$A $($Algo$)$ Perpetual: Alternative cost flows LO P$1$

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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

March $1$ Beginning inventory $80$ units @ $$50\mathrm{.}60$ per unit

March $5$ Purchase $215$ units @ $$55\mathrm{.}60$ per unit

March $9$ Sales $240$ units @ $$85\mathrm{.}60$ per unit

March $18$ Purchase $75$ units @ $$60\mathrm{.}60$ per unit

March $25$ Purchase $130$ units @ $$62\mathrm{.}60$ per unit

March $29$ Sales $110$ units @ $$95\mathrm{.}60$ per unit

Totals $500$ units $350$ units

Problem $5-1$A $($Algo$)$ 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, units sold include $55$ units from beginning inventory, $185$ units from the March $5$ purchase, $35$ units from the March $18$ purchase, and $75$ units from the March $25$ purchase.