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Complete de table Units Sold at Retail Units Acquired at Cost 120 units @ $51.40 per unit 235 units @ $56.40 per unit Date March
Complete de table
Units Sold at Retail Units Acquired at Cost 120 units @ $51.40 per unit 235 units @ $56.40 per unit Date March 1 March 5 March 9 March 18 March 25 March 29 Activities Beginning inventory Purchase Sales Purchase Purchase Sales 289 units @ $86.40 per unit 95 units 170 units @ $61.40 per unit @ $63.40 per unit 159 units @ $96.49 per unit 439 units Totals 620 units Problem 6-1A (Algo) Part 4 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold includes 75 units from beginning inventory, 205 units from the March 5 purchase, 55 units from the March 18 purchase, and 95 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 38,652 Specific ID Sales $ 38,652 $ 38,652 $ $ 38,652 Less: Cost of goods sold Gross profitStep by Step Solution
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