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4 Part 4 of 4 3.57 points Skipped Required information [The following information applies to the questions displayed below.] Warnerwoods Company uses a perpetual
4 Part 4 of 4 3.57 points Skipped 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 eBook Print References Activities Beginning inventory Purchase 190 units Units Acquired at Cost $52.80 per unit Units Sold at Retail 270 units @ $57.80 per unit Sales 350 units $87.80 per unit Purchase Purchase Sales Totals 130 units 240 units @ $62.80 per unit @$64.80 per unit 830 units 220 units @$97.80 per unit 570 units 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include 110 units from beginning inventory, 240 units from the March 5 purchase, 90 units from the March 18 purchase, and 130 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.) Gross Margin Sales Less: Cost of goods sold Gross profit FIFO LIFO Weighted Average Specific ID
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