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 Units sold at Retail Units Acquired at Cost 120 units $51.40 per unit 235 units @ $56.40 per unit 280 units $86.40 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar 25 Purchase Mar. 29 Sales Totals 95 units 170 units $61.40 per unit $63.40 per unit 150 units @ $96.40 per unit 430 units 620 units Problem 5-1A Part 3 blem 5-14 Part 3 3. Compute the cost assigned to ending inventory using (a) FIFO. (b) LIFO. (c) weighted average, and (d) specific identification. For ch 9 sale consisted of 75 units from beginning inventory and 205 units from the March 5 purchase the March 29 sale consisted of 55 units from the March 18 purchase and 95 units from the March 25 purchase. Perpetual FIFO: Goods Purchased # of Cost per units unit Cost of Goods Sold Cost per * Cost of Goods Sold Date of units sold unit Inventory Balance of units cost per Inventory unit Balance 120 @ $51.40 - $ 6,168.00 March 1 March 5 March 9 T March 18 March 25 March 29 Totals