Marlow Company uses a perpetual inventory system. It entered into the following calendar-year 2011 purchases and sales transactions.

Marlow Company uses a perpetual inventory system. It entered into the following calendar-year 2011 purchases and sales transactions. Units Sold at Retail Date Activities Jan. 1 Beginning inventory Feb. 10 Purchase Mar. 13 Purchase Mar. 15 15 Sales Aug. 21 Purchase Sept5 Purchase 5 Sept 10 Sales Units Acquired at Cost 790 units $47.80/unit 390 units @ $43.Boluni 195 unts @ $23.80/unit 685 units @ $78.80/unit @ $/ 350 units @ $63.0/unit 185 unts $61.80/unit 105 units @ $78.80/unit Totals 1.910 units 790 units Required: 1 Compute cost of goods available for sale and the number of units available for sale. (Omit the "$" sign in your response.) S Cost of goods available for sale Nuarter of units available for sale units 2. Compute the number of units in ending inventory. Ending Inventory units 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) specific identification-units sold consist of 595 units from beginning inventory and 195 units from the March 13 purchase, and (c) weighted average cost. (Due to rounding, the sum of Cost of Goods Sold and Ending inventory may not equal the Cost of Good available for sales. Round your per unit costs to 2 decimal places. Round your final answers to the nearest dollar amount. Omit the "$" sign in your response.) Ending inventory $ (a) FIFO $ ib) Specific identification ) (c) Weighted average cost $ * Compute gross profit earned by the company for each of the three costing methods. (Round your per unit costs to 2 decimal places and inventory balances and final answer to the nearest dollar amount.Omit the "S" sign in your response.) { (a) FIFO Gross profil S S S 1) Specific identification (c) Weighted average cast Wilcox Mills is a manufacturer that makes all sales on 30-day credit terms. Annual sales are approximately $30 million. At the end of 2012, accounts receivable were presented in the company's statement of financial position as follows: Accounts receivable from clients Less: Allowance for Impairment $ 3,100,000 80,000 During 2013, $170,000 of specific accounts receivable were written off as uncollectible. Of these accounts written off, receivables totaling $14,000 were subsequently collected. At the end of 2013, an aging of accounts receivable indicated a need for a $236,000 allowance to cover possible failure to collect the accounts currently outstanding. Wilcox Mills makes adjusting entries for uncollectible accounts only at year-end. One entry to summarize all accounts written off against the Allowance for Impairment during 2013. 2 Entries to record the $14,000 in accounts receivable that were subsequently collected. 3.The adjusting entry required at December 31, 2013, to increase the Allowance for Impairment to $236,000. a. Prepare the above general journal entries: (Omit the "$" sign in your response.) General Journal Debit Credit Date 2013 Var (Click to select) (Click to select) Var (Click to select) (Click to select) Var (Click to select) III (Click to select) Dec 31 (Click to select) (Click to select)