please do all the questions
Required information [The following information applies to the questions displayed below] Warnerwoods Company uses a periodic inventory system. it entered into the following purchases and sales transactions for March. For specific identification, units sold include 80 units from beginning inventory, 340 units from the March 5 purchase, 40 units from the March 18 purchase, and 120 units from the March 25 purchase. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. lote: Round your "average cost per unit" to 2 decimal places. (1) Required information b) Periodic LIFO \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & \multicolumn{5}{|c|}{ Cost of Goods Available for Sale } & \multicolumn{3}{|c|}{ Cost of Goods Sold } & \multicolumn{4}{|c|}{ Ending Inventory } \\ \hline & \multirow{2}{*}{\begin{tabular}{|r} \# of units \\ 100 \\ \end{tabular}} & \multicolumn{2}{|c|}{ Cost per unit } & \multicolumn{2}{|c|}{CostofGoodsAvailableforSale} & \multirow{2}{*}{#ofunitssold} & \multirow{2}{*}{\begin{tabular}{|l|} Cost per unit \\ \end{tabular}} & \multirow[t]{2}{*}{CostofGoodsSold} & \multirow{2}{*}{\begin{tabular}{|r|} #ofunitsinendinginventory \\ 100 \\ \end{tabular}} & \multirow{2}{*}{Costperunit$50.00} & \multicolumn{2}{|c|}{EndingInventory} \\ \hline Beginning inventory & & $ & 50.00 & $ & 5.000 & & & & & & $ & 5,000 \\ \hline \multicolumn{13}{|l|}{ Purchases: } \\ \hline March 5 & 400 & $ & 55.00 & & 22,000 & & & & & & & \\ \hline March 18 & 120 & $ & 60.00 & & 7,200 & & & & & . & & \\ \hline March 25 & 200 & $ & 62.00 & & 12,400 & & & & & & & \\ \hline Total & 820 & & & $ & 46,600 & 0 & & & 100 & & $ & 5,000 \\ \hline \end{tabular} c) Average Cost \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|} \hline \multirow{2}{*}{=} & \multicolumn{4}{|c|}{ Cost of Goods Available for Sale } & \multicolumn{3}{|c|}{ Cost of Goods Sold } & \multicolumn{3}{|c|}{ Ending Inventory } \\ \hline & # of units & AverageCostperunit & & SostofGoodsvailableorSale & #ofunitssold & AverageCostperUnit & CostofGoodsSold & #ofunitsinendinginventory & AverageCostperunit & EndingInventory \\ \hline Beginning inventory & 100 & & $ & 5,000 & & & & & & \\ \hline \multicolumn{11}{|l|}{ Purchases: } \\ \hline March 5 & 400 & & & 22,000 & & & & & & \\ \hline March 18 & 120 & & & 7,200 & & & & & & \\ \hline March 25 & 200 & & & 12,400 & & & & & & \\ \hline Total & 820 & & \$ & 46,600 & & & $ & & & 0 \\ \hline \end{tabular} d) Specific Identification \begin{tabular}{|c|c|c|} \hline Cost of Goods Available for Sale & Cost of Goods Sold & Ending Inventory \\ \hline \end{tabular} Required information [The following information applies to the questions displayed below] Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March. For specific identification, units sold include 80 units from beginning inventory, 340 units from the March 5 purchase, 40 units from the March 18 purchase, and 120 units from the March 25 purchase. 4. Compute gross profit earned by the company for each of the four costing methods. Note: Round your average cost per unit to 2 decimal places and final answers to nearest whole dollar. 1. Compute the lower of cost or market for the inventory applied separately to each item. 2. If the market amount is less than the recorded cost of the inventory, then record the LCM adjustment to the Merchandise Inventory account. Complete this question by entering your answers in the tabs below. Compute the lower of cost or market for the inventory applied separately to each item. 1. Compute the lower of cost or market for the inventory applied separately to each item. 2. If the market amount is less than the recorded cost of the inventory, then record the LCM adjustment to the Merchandise Inventory account. Complete this question by entering your answers in the tabs below. If the market amount is less than the recorded cost of the inventory, then record the LCM adjustment to the Merchandise Inventory account. Journal entry worksheet
