Assignments: 2020 Fall - ACCTG 1 (1012) [2.13] - ANDRE (0) Wholdepta washington.eduliwrc/Handouts/Hacker Sample OMLA20For M Connect Chap 6 - HW a Help Save & Exit Submit Check my work 4 Problem 6-1A 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 Part 4 of 4 Units sold at Retail Marie, 0.37 points Date Activities 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals Units Acquired at Cost 158 units@ $52.80 per unit 250 units@ $57.80 per unit 110 units@ $62.0 per unit 200 units a $64.00 per uni 318 units $87.8 per unit 188 units a $97.00 per unit 498 units 718 units eBook Print Problem 6-1A Part 4 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale consisted of 90 units from beginning inventory and 220 units from the March 5 purchase, the March 29 sale consisted of 70 units from the March 18 purchase and 110 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.) FIFO LIFO Avg. Cost Spec.ID Gross Margin Sales Less: Cost of goods sold Gross profit Chap b - HW Saved Help Save & Exit Submit Check my work 5 Part 1 of 4 Required information Problem 6-2AA Periodic: Alternative cost flows LOP3 (The following information applies to the questions displayed below.) Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March 0.37 points Units Sold at Retail Units Acquired at Cost 180 units @ $70 per unit 480 units@ $75 per unit eBook 500 units @ $105 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 280 units@ $80 per unit 360 units@ $82 per unit 320 units @ $115 per unit $ 820 units Print 1,300 units For specific identification, the March 9 sale consisted of 90 units from beginning inventory and 410 units from the March 5 purchase; the March 29 sale consisted of 120 units from the March 18 purchase and 200 units from the March 25 purchase Problem 6-2AA Part 1 Required. 1. Compute cost of goods available for sale and the number of units available for sale. Cost of Goods Available for Sale Help Save & Exit Submit Check my work 5. 480 units@ $75 per unit 500 units@ $195 per unit Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 289 units @ $80 per unit 360 units @ $82 per unit 320 units@ $115 per unit 820 units Part 1 of 4 1,300 units 0.37 points For specific identification, the March 9 sale consisted of 90 units from beginning inventory and 410 units from the March 5 purchase, the March 29 sale consisted of 120 units from the March 18 purchase and 200 units from the March 25 purchase Problem 6-2AA Part 1 eBook Required. 1. Compute cost of goods available for sale and the number of units available for sale Print Cost of Goods Available for Sale Cost per Cost of Goods # of Units Unit Available for Sale Beginning inventory Purchases March 5 March 18 March 25 Total Submit 6 Check my work Part 2 of 4 Required information Problem 6-2AA Periodic: Alternative cost flows LO P3 [The following information applies to the questions displayed below.) Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March 0.37 points Units Sold at Retail eBook Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals Units Acquired at Cost 180 units@ $70 per unit 480 units @ $75 per unit 280 units @ $80 per unit 360 units @ $82 per unit 500 units @ $105 per unit Print 1,300 units 320 units @ $115 per unit 820 units For specific identification, the March 9 sale consisted of 90 units from beginning inventory and 410 units from the March 5 purchase, the March 29 sale consisted of 120 units from the March 18 purchase and 200 units from the March 25 purchase. Problem 6-2AA Part 2 2. Compute the number of units in ending Inventory. Ending inventory units Assignments: 2020 Fall - ACCTG 1 (1012) [2.13] - ANDRE (0) Wholdepta washington.eduliwrc/Handouts/Hacker Sample OMLA20For M Connect Chap 6 - HW a Help Save & Exit Submit Check my work 4 Problem 6-1A 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 Part 4 of 4 Units sold at Retail Marie, 0.37 points Date Activities 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals Units Acquired at Cost 158 units@ $52.80 per unit 250 units@ $57.80 per unit 110 units@ $62.0 per unit 200 units a $64.00 per uni 318 units $87.8 per unit 188 units a $97.00 per unit 498 units 718 units eBook Print Problem 6-1A Part 4 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale consisted of 90 units from beginning inventory and 220 units from the March 5 purchase, the March 29 sale consisted of 70 units from the March 18 purchase and 110 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.) FIFO LIFO Avg. Cost Spec.ID Gross Margin Sales Less: Cost of goods sold Gross profit Chap b - HW Saved Help Save & Exit Submit Check my work 5 Part 1 of 4 Required information Problem 6-2AA Periodic: Alternative cost flows LOP3 (The following information applies to the questions displayed below.) Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March 0.37 points Units Sold at Retail Units Acquired at Cost 180 units @ $70 per unit 480 units@ $75 per unit eBook 500 units @ $105 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 280 units@ $80 per unit 360 units@ $82 per unit 320 units @ $115 per unit $ 820 units Print 1,300 units For specific identification, the March 9 sale consisted of 90 units from beginning inventory and 410 units from the March 5 purchase; the March 29 sale consisted of 120 units from the March 18 purchase and 200 units from the March 25 purchase Problem 6-2AA Part 1 Required. 1. Compute cost of goods available for sale and the number of units available for sale. Cost of Goods Available for Sale Help Save & Exit Submit Check my work 5. 480 units@ $75 per unit 500 units@ $195 per unit Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 289 units @ $80 per unit 360 units @ $82 per unit 320 units@ $115 per unit 820 units Part 1 of 4 1,300 units 0.37 points For specific identification, the March 9 sale consisted of 90 units from beginning inventory and 410 units from the March 5 purchase, the March 29 sale consisted of 120 units from the March 18 purchase and 200 units from the March 25 purchase Problem 6-2AA Part 1 eBook Required. 1. Compute cost of goods available for sale and the number of units available for sale Print Cost of Goods Available for Sale Cost per Cost of Goods # of Units Unit Available for Sale Beginning inventory Purchases March 5 March 18 March 25 Total Submit 6 Check my work Part 2 of 4 Required information Problem 6-2AA Periodic: Alternative cost flows LO P3 [The following information applies to the questions displayed below.) Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March 0.37 points Units Sold at Retail eBook Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals Units Acquired at Cost 180 units@ $70 per unit 480 units @ $75 per unit 280 units @ $80 per unit 360 units @ $82 per unit 500 units @ $105 per unit Print 1,300 units 320 units @ $115 per unit 820 units For specific identification, the March 9 sale consisted of 90 units from beginning inventory and 410 units from the March 5 purchase, the March 29 sale consisted of 120 units from the March 18 purchase and 200 units from the March 25 purchase. Problem 6-2AA Part 2 2. Compute the number of units in ending Inventory. Ending inventory units