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Required Information Problem 6-1A Perpetual: Alternative cost flows LO P1 The following information applies to the questions displayed below.] Wernerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Date Activities Units Acquired at Cost Units sold at Retail Mar. 1 Beginning inventory 248 units@ $53.30 per unit Mar. 5 Purchase 295 units @ $58.82 per unit Mar. 9 Sales 400 units @ $88.8e per unit Mar. 18 Purchase 155 units@ $63.82 per unit Mar. 25 Purchase 298 units@ $65.30 per unit Mar. 29 Sales 270 units $98.80 per unit Totals 982 units 678 units Problem 6-1A Part 3 3. Compute the cost assigned to ending inventory using (0) FIFO. (B) LIFO. (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 135 units from beginning inventory and 265 units from the March 5 purchase the March 29 sale consisted of 115 units from the March 18 purchase and 155 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual Liro Weighted Specific Id Average Compute the cost assigned to ending inventory using FIFO. Perpetual FIFO: Gooda Purchased #or Cost unite per unit Cost of Goode sold Cost per unit Cost of Goods Sold # of unite sold Date Inventory Balance # of units Cost Inventory per unit Balance S53.80 = $ 12,912.00 240 @ March 1 March 5 March 9 March 18 March 25 March 29 Totals S 0.00 Perpetual FIFO Perpetual LIFO >

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