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 Seved Help Save & Exit Submit Check my work 00 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 Part 4 of 4 0.41 points Units Sold at Retail Units Acquired at Cost 180 units@ $70 per unit 480 units@ $75 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 500 units $195 per unit 280 units@ $80 per unit 360 units@ $82 per unit eBook 1,300 units 320 units@ $115 per unit 820 units Print 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 4 4. Compute gross profit earned by the company for each of the four costing methods. (Round your average cost per unit to 2 decimal places and final answers to nearest whole dollar.) FIFO LIFO Weighted Average Specific Identification 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 Seved Help Save & Exit Submit Check my work 00 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 Part 4 of 4 0.41 points Units Sold at Retail Units Acquired at Cost 180 units@ $70 per unit 480 units@ $75 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 500 units $195 per unit 280 units@ $80 per unit 360 units@ $82 per unit eBook 1,300 units 320 units@ $115 per unit 820 units Print 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 4 4. Compute gross profit earned by the company for each of the four costing methods. (Round your average cost per unit to 2 decimal places and final answers to nearest whole dollar.) FIFO LIFO Weighted Average Specific Identification Sales Less: Cost of goods sold Gross profit