Hw ch.5

question 7

Required information [The following information applies to the questions displayed bolow] Wamerwoods Company uses a perpetual imventory system it entered into the following purchases and sales transactions for March. 4. Compute gross profit eamed by the company for each of the four costing methods. For specific identification, units sold include 90 units from beginning inventory. 220 units from the Morch 5 purchose, 70 units from the March 18 purchase, and 110 units from the March 25 purchase. Note: Round weighted average cost per unit to two decimals and final answers to nearest whole dollar