5. value: 7.00 points 4. Compute gross profit earned by the company for each of the four costing methods. (Round your per unit costs to 3 decimal places and inventory balances and final answer to the nearest dollar amount. Omit the "$" sign in your response.) Gross profit FIFO $ Weighted average Specific identification TA nventory units ts the cost assigned to ending inventory using (a) FIFO,(b) weighted average cost, and (c) lentification. For specific identification, the March 9 sale consisted of 70 units from beginning and 200 units from the March 5 purchase; the March 29 sale consisted of 50 units from the purchase and 90 units from the March 25 purchase. (Due to rounding, the sum of Cost of old and Ending inventory may not equal the cost of Good available for sales. Round unit costs to 3 decimal places and inventory balances to the nearest dollar amount. "$" sign in your response.) Ending Inventory $ $ ghted average cost [The following information applies to the questions displayed below.) Anthony 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 110 units @ $51.20/unit 230 units @ $56.20/unit Date Activities Mar, 1 Beginning Inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales 270 units @ $86.20/unit 90 units @ $61.20/unit 160 units @ $63.20/unit 140 units $96.20/unit Totals 590 units 410 units 2. value: 5.00 points Reg Required: 1. Compute cost of goods available for sale and the number of units available for sale. (Omit the "$" sign In your response.) S Cost of goods available for sale Number of units available for sale units 5. value: 7.00 points 4. Compute gross profit earned by the company for each of the four costing methods. (Round your per unit costs to 3 decimal places and inventory balances and final answer to the nearest dollar amount. Omit the "$" sign in your response.) Gross profit FIFO $ Weighted average Specific identification TA nventory units ts the cost assigned to ending inventory using (a) FIFO,(b) weighted average cost, and (c) lentification. For specific identification, the March 9 sale consisted of 70 units from beginning and 200 units from the March 5 purchase; the March 29 sale consisted of 50 units from the purchase and 90 units from the March 25 purchase. (Due to rounding, the sum of Cost of old and Ending inventory may not equal the cost of Good available for sales. Round unit costs to 3 decimal places and inventory balances to the nearest dollar amount. "$" sign in your response.) Ending Inventory $ $ ghted average cost [The following information applies to the questions displayed below.) Anthony 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 110 units @ $51.20/unit 230 units @ $56.20/unit Date Activities Mar, 1 Beginning Inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales 270 units @ $86.20/unit 90 units @ $61.20/unit 160 units @ $63.20/unit 140 units $96.20/unit Totals 590 units 410 units 2. value: 5.00 points Reg Required: 1. Compute cost of goods available for sale and the number of units available for sale. (Omit the "$" sign In your response.) S Cost of goods available for sale Number of units available for sale units
