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5 Part 4 of 4 points eflock [The following information applies to the questions displayed below] Check my work Warnerwoods Company uses a perpetual inventory
5 Part 4 of 4 points eflock [The following information applies to the questions displayed below] Check my work 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 Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals Units Acquired at Cost 220 units @$53.48 per unit 285 units $58.48 per unit 145 units @ $63.40 per unit 270 units 565.40 per unit 920 units Units Sold at Retail 388 units $88.40 per jonit 250 units $98.40 per unit 630 units References 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include 125 units from beginning inventory, 255 units from the March 5 purchase, 105 units from the March 18 purchase, and 145 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.) Gross Margin FIFO LIFO Weighted Average Specific ID Sales Less: Cost of goods sold Gross profit
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