Please do not give image format 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 transactionsfor March.DateMarch 1March 5March 9March 18.March 25March 29TotalActivitiesBeginning inventoryPurchaseSalesPurchasePurchaseSalesTotalsDateMarch 1March 5March 18March 25Complete this question by entering your answers in the tabs below.3. Compute the cost assigned to ending Inventory using (a) FIFO, (b) LIFO. (c) weighted average, and (d) specific identification. Forspecific Identification, units sold include 130 units from beginning Inventory, 260 units from the March 5 purchase, 110 units from theMarch 18 purchase, and 150 units from the March 25 purchase.WeightedAverage# ofunitsGoods Available for SalePerpetual FIFO Perpetual LIFOCompute the cost assigned to ending inventory using specific identification. For specific identification, units sold include 130 units from beginning inventory, 260units from the March 5 purchase, 110 units from the March 18 purchase, and 150 units from the March 25 purchase.Specific IdCostperunit280✔950Units Acquired at Cost230 units @ $53.68 per unit290 units @ $58.60 per unit230 $ 53.60 $290✔ 58.60✔15063.00✔65.60150 units @ $63.60 per unit280 units@ $65.60 per unitCost ofGoodsAvailablefor Sale950 units$Specific Identification12,32816,9949,54018,36857,230# ofunitssoldAnswer is not complete.Cost of Goods Sold00Costperunit$ 53.6058.6063.60< Weighted AverageCost ofGoodsSoldSSUnits Sold at Retail390 units@ $88.60 per unit000260 units @ $98.60 per unit650 units0Ending InventoryCostperunit# of unitsin endinginventory0Specific ld >$ 53.6058.6063.6065.60EndingInventorySS00000

First in First Out (FIFO): It is a method of inventory valuation under which closing inventory is…

3. 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 130 units from beginning Inventory. 260 units from the March 5 purchase, 110 units from the March 18 purchase, and 150 units from the March 25 purchase.