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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.

Date Activities Units Acquired at Cost Units Sold at Retail
Mar. 1 Beginning inventory 60 units @ $50.20/unit
Mar. 5 Purchase 205 units @ $55.20/unit
Mar. 9 Sales 220 units @ $85.20/unit
Mar. 18 Purchase 65 units @ $60.20/unit
Mar. 25 Purchase 110 units @ $62.20/unit
Mar. 29 Sales 90 units @ $95.20/unit
Totals 440 units 310 units

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. (Round your average cost per unit to 2 decimal places.)

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