Required information Problem 6-1A (Algo) 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 170 units @ $52.40 per unit 260 units @ $57.40 per unit Date March 1 March 5 March 9 March 18 March 25 March 29 330 units @ $87.40 per unit Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals 120 units $62.40 per unit 220 units @ $64.40 per unit 200 units $97.40 per unit 530 units 770 units Problem 6-1A (Algo) Part 3 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, units sold include 100 units from beginning inventory, 230 units from the March 5 purchase, 80 units from the March 18 purchase, and 120 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO. Goods Purchased Cost per # of units unit sold Date Perpetual FIFO: Cost of Goods Sold Cost per cost of Goods Sold unit # of units Cost per Inventory Balance # of units Cost per Inventory unit Balance 170 at $52.40 = S 52.40 = $ 8,908.00 March 1 March 5 Total March 5 March 9 Total March 9 March 18 Total March 18 March 25 Total March 25 March 29 Total March 29 Totals $ 0.00