Required information Problem 5-1AA Periodic: Alternative cost flows LO P1 [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 Units Sold at Retail Units Acquired at Cost 145 units @ $80 per unit 445 units @ $85 per unit 465 units @ $115 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 210 units@ $99 per unit 290 units @ $92 per unit 250 units @ $125 per unit 715 units 1,090 units For specific identification, the March 9 sale consisted of 90 units from beginning inventory and 375 units from the March 5 purchase; the March 29 sale consisted of 85 units from the March 18 purchase and 165 units from the March 25 purchase. blem 5-1AA Part 3 ompute the cost assigned to ending inventory using (a) FIFO, (b) LIFO. (c) weighted average, and (d) specific tification Check my work Problem 5-1AA Part 3 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO. (c) weighted average, and (d) specific identification. Complete this question by entering your answers in the tabs below. Periodic FIFO Periodic LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO. Cost of Goods Sold Cost of Goods Available for Sale Ending Inventory a) Periodic FIFO Cost per Cost per Cost of Goods Available for Sale Cost of Goods Sold # of units Cost per sold unit # of units in ending inventory # of units Ending Inventory unit unit Beginning inventory Purchases: March 5 March 18 March 25 Total Periodic LIFO > Periode FIFO Next > 3 4 of 4 Next > 3 4 of 4