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https// Save & Help Homework Saved Ch The following information applies to the questions displayed below) Warnerwoods Company uses a perpetual inventory system. It entered
https// Save & Help Homework Saved Ch 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 100 units $50 per unit 400 units @ $55 per unit Date March a March 3 March 9 March 18 March 25 March 29 420 units e $85 per unit Activities Beginning Inventory Purchase Sales Purchase Purchase Sales Totals 120 units 200 units @ 560 per unit $62 per unit 160 units 580 units @ $95 per unit 820 units 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification units sold include 80 units from beginning inventory, 340 units from the March 5 purchase, 40 units from the March 18 purchase, and 120 units from the March 25 purchase (Round weighted average cost per unit to 2 decimal places.) FIFO $ Gross Margin Sales Less Cost of goods sold Gross profit 29,182] 5 18,1821 11,000 $ LIFO Weighted Average Specific ID 29,1825 29,182 $ 29,182 18.882 18.465 18,672 10,300 $ 10.7187 $ 10,510 $ th of 66F
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