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 115 units@ $50 per unit 415 units@ $55 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 435 units @ $85 per unit 150 units @ $60 per unit 230 units@ $62 per unit 190 units@ $95 per unit 625 units 910 units For specific identification, the March 9 sale consisted of 50 units from beginning inventory and 385 units from the March 5 purchase; the March 29 sale consisted of 55 units from the March 18 purchase and 135 units from the March 25 purchase. Periodic FIFO Periodic LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO. a) Periodic FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory # of units Cost per unit Cost of Goods Available for Sale $ 5,750 #of units sold Cost per unit Cost of Goods Sold #of units in ending inventory Cost per unit Ending Inventory 115 $ 50.00 115 $ 50.00 $ 5,750 $ 0.00 $ 0 Beginning inventory Purchases: March 5 March 18 March 25 Total $ 55.00 $ 60.00 $ 62.00 $ $ 415 150 230 910 0.00 0.00 22,825 9,000 14,260 $ 51,835 $ $ $ 0.00 0.00 0.00 115 $ 5,750 0 Periodic FIFO Periodic LIFO > 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 LIFO. b) Periodic LIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of # of units Cost per Goods unit Available for Sale # of units sold Cost per unit Cost of Goods Sold # of units in ending inventory Cost per unit Ending Inventory $ 0 Beginning inventory Purchases: March 5 March 18 March 25 Total TO Periodic FIFO Weighted Average > 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 weighted average. (Round your average cost per unit to 2 decimal places.) c) Average Cost Cost of Goods Sold Ending Inventory Cost of Cost of Goods Available for Sale Cost of Average # of units Cost per Goods Available unit for Sale 415 $ 55 # of units sold Average Cost per Unit # of units in ending inventory Average Cost per unit Ending Inventory Sold Beginning inventory Purchases: March 5 March 18 March 25 Total 415 $ 55 | $ 0 $ 0 Periodic LIFO Specific Id