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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 230 units @ $53.60 per unit
Mar. 5 Purchase 290 units @ $58.60 per unit
Mar. 9 Sales 390 units @ $88.60 per unit
Mar. 18 Purchase 150 units @ $63.60 per unit
Mar. 25 Purchase 280 units @ $65.60 per unit
Mar. 29 Sales 260 units @ $98.60 per unit
Totals 950 units 650 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 130 units from beginning inventory and 260 units from the March 5 purchase; the March 29 sale consisted of 110 units from the March 18 purchase and 150 units from the March 25 purchase. (Round your average cost per unit to

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