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asap Required information 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold i units
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Required information 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold i units from beginning inventory, 235 units from the March 5 purchase, 85 units from the March 18 purchase, and 125 units frc 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 Check my Problem 5-1A (Algo) Perpetual: Alternative cost flows LO P1 [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 180 units @ $52.60 per unit 265 units @ $57.60 per unit Date March 1 March 5 March 9 March 18 March 25 March 29 Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals 340 units @ $87.60 per unit 125 units @ $62.60 per unit 230 units @ $64.60 per unit 210 units @ $97.60 per unit 550 units 800 units Problem 5-1A (Algo) Part 4Step by Step Solution
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