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Required Information [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 135 units @ $70 per unit 435 units @ $75 per unit Mar. 455 units @ $105 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase 9 Sales Mar. 18 Purchase Mar 25 Purchase Mar. 29 Sales Totals 190 units @ $80 per unit 270 units @ $82 per unit 238 units @ $115 per unit 685 units 1,238 units For specific Identification, the March 9 sale consisted of 80 units from beginning inventory and 375 units from the March 5 purchase, the March 29 sale consisted of 75 units from the March 18 purchase and 155 units from the March 25 purchase. 3. Compute the cost assigned to ending Inventory using (a) FIFO, (D) 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 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 # of units sold Cost per unit Cost of Goods Sold # of units in ending inventory Cost per unit Ending Inventory Beginning inventory Purchases March 5 March 18 March 25 Total

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