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Warnerwoods Company uses a perpetual inventory system. Itentered into the following purchases and sales transactions forMarch. Date Activities Units Acquired at Cost Units Sold at RetailMar. 1 Beginning inventory 60 units @ $50.20 per unit Mar. 5Purchase 205 units @ $55.20 per unit Mar. 9 Sales 220 units @$85.20 per unit Mar. 18 Purchase 65 units @ $60.20 per unit Mar. 25Purchase 110 units @ $62.20 per unit Mar. 29 Sales 90 units @$95.20 per unit Totals 440 units 310 units 3. Compute the costassigned to ending inventory using (a) FIFO, (b) LIFO, (c) weightedaverage, and (d) specific identification. For specificidentification, the March 9 sale consisted of 45 units frombeginning inventory and 175 units from the March 5 purchase; theMarch 29 sale consisted of 25 units from the March 18 purchase and65 units from the March 25 purchase.