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4. t 1 of 4 Required information Problem 5-1A Perpetual: Alternative cost flows LO P1 [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 nts Units sold at Retail eBook Units Acquired at Cost 80 units $50.60 per unit 215 units $55.60 per unit Print Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 240 units@ $85.60 per unit References 75 units @ $60.60 per unit 130 units @ $62.60 per unit 110 units $95.60 per unit 350 units 500 units Problem 5-1A Part 1 Required: 1. Compute cost of goods available for sale and the number of units available for sale. Cost of Goods Available for Sale # of units Cost of Goods Available Unit for Sale 80 Cost per Beginning inventory Purchases: March 5 March 18 March 25 Total Requir Problem 5-1A Perpetual: Alternative cost flows LO P1 (The following information applies to the questions displayed below) Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transac for March Units Sold at Retail Units Acquired at Cost 80 units @ $50.60 per unit 215 units @ $55.60 per unit 240 units @ $85.68 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 75 units @ $60.68 per unit 130 units @ $62.60 per unit es 119 units @ $95.60 per unit 350 units 500 units Problem 5-1A Part 2 2. Compute the number of units in ending inventory Problem 5-1A Part 2 ces 2. Compute the number of units in ending inventory. Ending inventory units 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale consisted of 55 units from beginning inventory and 185 units from the March 5 purchase the March 29 sale consisted of 35 units from the March 18 purchase and 75 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.) FIFO LIFO Avg. Cost Spec. ID Gross Margin Sales Less Cost of goods sold Gross profit Key figures for Samsung follow. W millions Inventory Cost of sales Current Year # 24,983,355 w129,290,661 One Year Prior W 18,353,503 w129,277,715 Two Years Prior W 18,811,794 W123,482, 118 Required: 1. Compute Samsung's (a) inventory turnover and (b) days' sales in inventory for the most recent two years. 2. Is Samsung's inventory turnover on a favorable or unfavorable trend? 3. In the current year, does Samsung's inventory turnover underperform or outperform the industry (assumed) average of 15? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute Samsung's (a) inventory turnover and (b) days' sales in inventory for the most recent two years. (Round your answers to 2 decimal places.) Current Year One Year Prior 1. Compute Samsung's (a) inventory turnover and (b) days' sales in inventory tor the most recent two years. 2. Is Samsung's inventory turnover on a favorable or unfavorable trend? 3. In the current year, does Samsung's inventory turnover underperform or outperform the industry (assumed) average of 1 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute Samsung's (a) inventory turnover and (b) days' sales in Inventory for the most recent two years. (Round your answers to 2 decimal places.) One Year Prior (a) Inventory turnover (b) Days' sales in inventory Current Year times days times days Required Required 2 > 1. Compute Samsung's (a) inventory turnover and (b) days' sales in inventory for the most recent two years. 2. Is Samsung's inventory turnover on a favorable or unfavorable trend? 3. In the current year, does Samsung's inventory turnover underperform or outperform the industry (assumed) a Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Is Samsung's inventory turnover on a favorable or unfavorable trend? Is Samsung's inventory turnover on a favorable or unfavorable trend? 1. Compute Samsung's (a) inventory turnover and (b) days' sales in inventory for the most recent two years. 2. Is Samsung's inventory turnover on a favorable or unfavorable trend? 3. In the current year, does Samsung's inventory turnover underperform or outperform the industry (assumed) average of Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 In the current year, does Samsung's inventory turnover underperform or outperform the industry (assumed) average of 152 Does Samsung's inventory turnover underperform or outperform?