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Required information Problem 5 - 1 A ( Algo ) Perpetual: Alternative cost flows LO P 1 [ The following information applies to the questions
Required information
Problem A Algo Perpetual: Alternative cost flows LO P
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.
Problem A Algo Part
Required:
Compute cost of goods available for sale and the number of units available for sale.
Problem A Algo Part
Compute the number of units in ending inventory.
Problem A Algo Part
Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include
units from beginning inventory, units from the March purchase, units from the March purchase, and units from the
March purchase.
Note: Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.
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