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Required information [The following information applies to the questions displayed below.] Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. - Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For pecific identification, the March 9 sale consisted of 135 units from beginning inventory and 265 units from the March 5 purchase; the larch 29 sale consisted of 115 units from the March 18 purchase and 155 units from the March 25 purchase. Perpetual FIFO: \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline \multirow{3}{*}{\begin{tabular}{|l} Date \\ March 1 \\ \end{tabular}} & \multicolumn{3}{|c|}{ Goods Purchased } & \multicolumn{5}{|c|}{ Cost of Goods Sold } & \multicolumn{5}{|c|}{ Inventory Balance } \\ \hline & \multicolumn{2}{|c|}{ \# of units } & \multirow[t]{2}{*}{Costperunit} & \multicolumn{2}{|l|}{#ofunitssold} & \multirow[t]{2}{*}{Costperunit} & \multicolumn{2}{|c|}{ Cost of Goods Sold } & \multicolumn{2}{|c|}{ \# of units } & \multirow{2}{*}{\begin{tabular}{|c|} Costperunit \\ $53.80 \\ \end{tabular}} & \multicolumn{2}{|r|}{InventoryBalance} \\ \hline & & & & & & & & & 240 & @ & & = & $12,912.00 \\ \hline \multirow{2}{*}{ March 5} & 295 & @ & $58.80 & & & & & & 295 & @ & $53.80 & = & $15,871.00 \\ \hline & & & & & & & & & & @ & $58.80 & & \\ \hline Total March 5 & & & & & & & & & & & & & $15,871.00 \\ \hline \multirow{2}{*}{ March 9} & & & & & (Q) & $53.80 & = & 0.00 & & (a) & $53.80 & & \\ \hline & & & & & @ & $58.80 & = & 0.00 & & @ & $58.80 & & \\ \hline \multicolumn{14}{|l|}{ Total March 9} \\ \hline \multirow{3}{*}{ March 18} & 155 & @ & $63.80 & & & & & & 155 & (@) & $53.80 & = & $8,339.00 \\ \hline & & & & & & & & & & @ & $58.80 & & \\ \hline & & & & & & & & & & (Q) & $63.80 & & \\ \hline Total March 18 & & & & & & & & & & & & & $8,339.00 \\ \hline \multirow{4}{*}{ March 25} & 290 & (Q) & $65.80 & & & & & & 290 & @ & $53.80 & = & $15,602.00 \\ \hline & & & & & & & & & & @ & $58.80 & & \\ \hline & & & & & & & & & & @ & $63.80 & & \\ \hline & & & & & & & & & & @ & $65.80 & & \\ \hline Total March 25 & & & & & & & & & & & & & $15,602.00 \\ \hline \multirow{4}{*}{ March 29} & & & & & (Q) & $53.80 & = & 0.00 & & (a) & $53.80 & & \\ \hline & & & & & @ & $58.80 & = & 0.00 & & @ & $58.80 & & \\ \hline & & & & & @ & $63.80 & = & 0.00 & & (Q) & $63.80 & & \\ \hline & & & & & @ & $65.80 & = & 0.00 & & @ & $65.80 & & \\ \hline Total March 29 & & & & & & & & & & & & & \\ \hline \end{tabular} Perpetual LIFO: \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|} \hline \multirow{3}{*}{DateMarch1} & \multicolumn{2}{|c|}{ Goods Purchased } & \multicolumn{3}{|c|}{ Cost of Goods Sold } & \multicolumn{5}{|c|}{ Inventory Balance } \\ \hline & \# of units & \multirow[t]{2}{*}{Costperunit} & #ofunitssold & \multirow[t]{2}{*}{Costperunit} & Cost of Goods Sold & \multicolumn{2}{|c|}{# of units } & \multirow{2}{*}{Costperunit$53.80} & \multicolumn{2}{|r|}{InventoryBalance} \\ \hline & & & & & & 240 & (Q) & & = & $12,912.00 \\ \hline \multicolumn{11}{|l|}{ March 5} \\ \hline & & & & & & & & & & \\ \hline \multicolumn{11}{|l|}{ Total March 5} \\ \hline \multicolumn{11}{|l|}{ March 9} \\ \hline & & & & & & & & & & \\ \hline \multicolumn{11}{|l|}{ Total March 9} \\ \hline & & & & & & & & & & \\ \hline \multicolumn{11}{|l|}{ March 18} \\ \hline & & & & & & & & & & \\ \hline \multicolumn{11}{|l|}{ Total March 18} \\ \hline & & & & & & & & & & \\ \hline \multirow{2}{*}{\multicolumn{11}{|c|}{ March 25}} \\ \hline & & & & & & & & & & \\ \hline & & & & & & & & & & \\ \hline \multicolumn{11}{|l|}{ Total March 25} \\ \hline & & & & & & & & & & \\ \hline \multicolumn{11}{|l|}{ March 29} \\ \hline & & & & & & & & & & \\ \hline & & & & & & & & & & \\ \hline Total Marc & & & & & & & & & & \\ \hline \end{tabular} Compute the cost assigned to ending inventory using weighted average. Note: Round your average cost per unit to 2 decimal places
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