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Part 4 of 4 1 points Required information (The following information applies to the questions displayed below] Warnerwoods Company uses a perpetual inventory system.
Part 4 of 4 1 points Required information (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. Date Skipped March 1 March 5 Activities Beginning inventory Purchase March 9 Sales March 18 March 25 March 29 eBook Purchase Purchase Sales Totals Units Acquired at Cost 140 units $51.80 per unit 245 units @ $56.80 per unit $61.00 per unit $63.00 per unit 105 units 190 units 680 units Units Sold at Retail 300 units @ $86.80 per unit 170 units @ $96.80 per unit 470 units Print References 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include 85 units from beginning inventory, 215 units from the March 5 purchase, 65 units from the March 18 purchase, and 105 units from the March 25 purchase. Note: Round weighted average cost per unit to two decimals and final answers to nearest whole dollar. Gross Margin FIFO LIFO Weighted Average Specific ID Sales Less: Cost of goods sold Gross proft
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