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Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales...

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Accounting

Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. March 1, beginning inventory 100 units @ $51.00 per unit, March 5 Purchase 225 units @ $56.00 per unit. March 9 sales 260 units @ $86.00 per unit, March 18 purchae 85 units @ $61.00 per unit. March 25 purchase 150 units @$63.00 per unit, March 29 sales 130 units @ $96.00 per unit. 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 65 units from the beginning inventory, 196 units from the March 5 purchase, 45 units from the march 18 purchase, and 85 units from the March 25 purchase

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