JA > Problem 6-1A Perpetual: Alternative cost flows P1 Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. (For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 340 units from the March 5 purchase; the March 29 sale consisted of 40 units from the March 18 purchase and 120 units from the March 25 purchase.) Units Acquired at Cost Units Sold at Retail Activities Date 100 unitsS50.00 per unit Mar. 1 Beginning inventory 400 unitsS55.00 per unit Mar. 5 Purchase 420 units @$85.00 per unit Mar. 9 Sales 120 units @ S60.00 per unit Mar. 18 Purchase Mar, 25 Purchase 200 units @ $62.00 per unst 160 units@S95.00 per unit Mar. 29 Sales Totals 820 units 580 units Required 1. Compute cost of goods available for sale and the number of units available for sale. 2 Compute the number of units in ending inventory. 3. Compute the cost assigned to ending inventory using (a) FIFO. (b) LIFO, (c) weighted average, and (d) specific identification. (Round all amounts to cents.) Check (3) Ending inventory FiIrO, $4.800, LIFO, $13,680, WA $14.352 4. Compute gross profit earned by the company for each of the four costing methods in part 3 (4) LFO gross profit, $17980s Problem 6-2AA Periodic: Alternative cost flows P3( Refer to the information in Problem 6-1A and assume the periodic inventory system is used. Page 290 DOLL of