Required information Problem 6-1A 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 tra for March Units Acquired at Cost 100 units @ $50.00 per unit 400 units @ $55.00 per unit Units Sold at Retail Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 420 units @ $85.00 per unit 120 units@ $60.00 per unit 200 units @ $62.00 per unit 820 units 160 units @ $95.00 per unit 550 units Problem 6-1A Part 3 3. Compute the cost assigned to ending inventory using (a) FIFO. (6) LIFO. (c) weighted average, and (d) specific identificatio specific identification, the March 9 sale consisted of 80 units from beginning inventory and 340 units from the March 5 purch March 29 sale consisted of 40 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. Perpetual FIFO: Goods Purchased of Cost per laventory Balance Cos of Goods Sold Cost per Cost of Goods Sold Date # of units # of units Cost per Inventor Balancel trained Required information Compute the cost assigned to ending inventory using Fr. Perpetual FIFO: Inventory Balance Goods Purchased #of units unit Date Cost per # of units sold Cost of Goods Sold Cost per Cost of Goods Sold unit Cost per # of units March 1 unit Inventory Balance $ 50.00 = $ 5,000.00 100 @ March 5 March 9 March 18 March 25 March 29 Totais 000 $ 0.00 Perpetual LIFO > 41 Perpetual FIFO Perpetual 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.) Weighted Average Perpetual: Goods Purchased Cost of Goods Sold Inventory Balance Date #of # of units units unit sold Cost of Goods Sold unit # of units unit lorentory Balance March 1 $50.00 $ 5.000.00 March 5 Cost per Cost per Cost per 100 Average March 9 March 18 Average March 25 March 29 Totals 5 0.00 Perpetual LIFO Specific Id> Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using specific identification. For specific identification, the March 9 sale consisted 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 Specific Identification: Goods Purchased # of Date units unit March 1 Cost of Goods Sold Cost per Inventory Balance # of units sold Cost per Cost of Goods Sold unit # of units Cost per Inventory Balance 100 @ unit $50.00 = $ March 5 5,000.00 March 9 March 18 March 25 March 29 Tntale nnnl