Problem 5-2AA (Algo) Periodic: Alternative cost flows LO P3 [The following information applies to the questions displayed below] Warnerwoos Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March. For specific identification, units sold include 90 units from beginning inventory, 370 units from the March 5 purchase, 80 units from the March 18 purchase, and 160 units from the March 25 purchase. Problem 5-2AA (Algo) Part 3 Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. lote: Round your "average cost per unit" to 2 decimal places. 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. Note: Round your I'average cost per unit' to 2 decimal places. b) Periodic LIFO c) Average Cost d) Specific Identification 4. Compute gross profit earned by the company for each of the four costing methods. Note: Round your average cost per unit to 2 decimal places and final answers to nearest whole dollar. 1. Compute the lower of cost or market for the inventory applied separately to each item. 2. If the market amount is less than the recorded cost of the inventory, then record the LCM adjustment to the Merchandise Inventory account. Complete this question by entering your answers in the tabs below. Compute the lower of cost or market for the inventory applied separately to each item. Compute the lower of cost or market for the inventory applied separately to each item. Journal entry worksheet Note: Enter debits before credits