2. Compute the number of units in ending inventory

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 90 units from beginning inventory, 220 units from the March 5 purchase, 70 units from the March 18 purchase, and 110 units from the March 25 purchase.

4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include 90 units from beginning inventory, 220 units from the March 5 purchase, 70 units from the March 18 purchase, and 110 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.)

Please Answer all 4 Parts

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. Units Sold at Retail Units Acquired at Cost 150 units @ $52.00 per unit 250 units @ $57.00 per unit Date March 1 March 5 March 9 March 18 March 25 March 29 310 units @ $87.00 per unit Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals 110 units 200 units @ $62.00 per unit @ $64.00 per unit 180 units @ $97.00 per unit 490 units 710 units Required: 1. Compute cost of goods available for sale and the number of units available for sale