! Required information Problem 5-1A 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 soldest Retail Mar. 1 Beginning inventory 200 units 570.00 per unit Mar. Purchase 400 units $75.00 per unit Mar. 9 Sales 420 units 510.00 per unit Mar. 18 Purchase 120 units 580.00 per unit Mar 25 Purchase 200 units $82.00 per unit Mar 29 Sales 160 units $115.00 per unit Total 820 units 580 units Problem 5-1A Part 3 3. Compute the cost assigned to ending inventory using (a) FIFO. (b)LIFO. (c) weighted average, and (c) specific identification For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 340 units from the March 5 purchase, the March 29 sale consisted of 40 units from the March 18 purchase and 120 units from the March 25 purchase on antering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending Inventory using LIFO. Perpetual LIFO: Cost of Goods Sold Goods Purchased # of Cost per units unit Date Cost per #of units sold unit Cost of Goods Sold Inventory Balance Cost per # of units Inventory unit Balance 100 @ $ 70.00 - $ 7,000.00 March 1 March 5 March 9 March 18 March 9 March 18 March 25 March 29 Totals $ 0.00