4 Part 4 of 4 3.57 points eBook Print References ! 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. Date March 1 March 5 March 9 March 18 March 25 March 29 Gross Margin Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals VID Sales Less: Cost of goods sold Gross profit FIFO Units Acquired at Cost @ $53.68 per unit @$58.68 per unit LIFO 230 units 298 units 150 units 280 units 950 units 4. Compute gross profit earned by the company for each of the four costing methods. 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. Note: Round weighted average cost per unit to two decimals and final answers to nearest whole dollar. @ $63.60 per unit @$65.68 per unit Weighted Average Units Sold at Retail Specific ID Check my work 390 units @ $88.60 per unit 260 units @ $98.60 per unit 650 units

2. Corpute the cost assigned to ending imventory using (G) FIFO, ib) LiFO, (A) weighted average, and (C) specific identification For March sourchase. and 150 units from the March 25 purchase. Wamenwods Gompany uses a perpetual invencory system emered into the foliowing purchases and saies transactors for Mareh. 3. Compute the cost assigned to ending imventory using (a) FIFO, (b) LIFO, (c) weighted average, and id specific ibentification. For specific identification, units sold include 100 units frons beginning inventory. 260 units from the March 5 ourchase, 110 units from the March 18 purchase, and 150 units from the March 25 purchase. Answver is complete and correct. Complete this question by entering your answers in the tabs below, Compute the cost assigned to ending invantory using weighted average-. Noter Round your average cont per unit to 2 decital places. Required informstion The following information apples to the duesdons oisoveyed beiow) Womerwoods Comparyy uses a perpetual irwentogy system, it entered into the following purchases and shles transacuons for March. for March. specific fidentication, units sold include 130 anits from beginning inventory, 260 units from the March 5 purchabe. 110 unins from the March 18 purchase, and 150 units from the March 2.5 purchase. Answer is complete and correct. Complete this question by entering your ansvers in the tabs below. Compute the cent assigned to ending inventery uting specific identificatien. For specilic identification, units sold include 170 urits from beginning units from the March 5 purchase. 110 units from the March 18 purctaset, and 150 unita from the March 25 purehate. 3. Compute the cost asslgned to ending inventory using iA FFO, (G) LFO. (C) welahted averoge, and (a) specific identification For specific ioent fication, unats sold include 130 units from beginning inventory, 260 unts from the March 5 purchase. 110 unhs ftom the March te purchase, and 150 units from the March 25 purchase. Required Information The following information applies to the questions aisplayed below] Warnerwoods Company uses a perpetual inventory system. it entered into the following purchases and sales transactions for March. 4. Compute gross profit earned by the company for each of the four costing methods 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 Note: Round welghted overoge cost per unit to two deelmals and finol onvwers to nearest whole dollar