| Required information [The following information applies to the questions displayed below.) Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March. Total Date March 1 March 5 March 9 9 March 18 March 25 Harch 29 Beginning inventory Purchases: March 5 March 18 March 25 Required: 1. Compute cost of goods available for sale and the number of units available for sale. Ending inventory For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 375 units from the March 5 purchase; the March 29 sale consisted of 75 units from the March 18 purchase and 155 units from the March 25 purchase. Show Transcribed Text Activities Beginning inventory Purchase Sales a) Periodic FIFO Total Purchase Purchase Sales Totals Beginning inventory Purchases March 5 March 18 March 25 Show Transcribed Text b) Periodic LIFO Beginning inventory Purchases March 5 March 18 March 25 Total # of Units 2. Compute the number of units in ending inventory. Cost of Goods Available for Sale 0 190 units@ $00 per unit 270 units@ $82 per unit 1,030 units Units Acquired at Cost 135 units@ $70 per unit 435 units $75 per unit Cost per Cost of Goods Available for Sale Unit units $ 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. Note: Round your "average cost per unit" to 2 decimal places. # of units Cost of Goods Available for Sale Cost of Goods Available for Sale $ #of units Cost per unit Cost per unit 0 0 of Cost of Goods Available for Sale Cost of Goods Available for Sale 0 0 0 of 0 0 Cost of Goods Sold #of units Cost per sold } 0 unit $ 0.00 $ $ 0.00 S 0.00 455 units@ $105 per unit Cost of Goods Sold of units Cost per sold unit Units Sold at Retail 230 units@ $115 per unit 685 units Cost of Goods Sold Cost of Goods Sold 0 0 0 0 Ending Inventory #of units in ending inventory Cost per Ending unit Inventory # of units in ending inventory S 0.00 $ $ 0.00 $ 0.00 $ 0.00 Ending Inventory Cost per unit 0 S 0 0 0 Ending Inventory 0 0 0 0