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 transactions for March. Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Units Acquired at Cost 60 units @ $50.20 per unit 205 units @ $55.20 per unit Units Sold at Retail 220 units @ $85.20 per unit 65 units @ $60.20 per unit 110 units @ $62.20 per unit Totals 440 units 90 units @ $95.20 per unit 310 units Problem 6-1A 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, the March 9 sale consisted of 45 units from beginning inventory and 175 units from the March 5 purchase; the March 29 sale consisted of 25 units from the March 18 purchase and 65 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. QS 4-7 Identifying post-closing accounts LO P3 Identify which of the following accounts would be included in a post-closing trial balance. Included in post-closing trial balance? a. Rent Payable b. Postage Expense C. d. e. Warehouse Store Equipment Haircutting Revenue f. Accounts Payable Yes, this is a permanent account No, this is a temporary account