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! Required information Problem 6 - 2 AA ( Static ) Periodic: Alternative cost flows LO P 3 [ The following information applies to the
Required information Problem AA Static Periodic: Alternative cost flows LO P 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. tableDateActivities,Units Acquired at Cost,Units Sold at RetailMarch Beginning inventory, units @ $ per unit,March Purchase, units @ $ per unit,March Sales,, units @ $ per unitMarch Purchase, units @ $ per unit,March Purchase, units @ $ per unit,March Sales,, units @ $ per unitTotals, units, units 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. Problem AA Static Part Compute gross profit earned by the company for each of the four costing methods. Note: Round your average cost per unit to decimal places and final answers to nearest whole dollar. tableFIFO,,LIFO,,tableWeightedAveragetableSpecificIdentificationSalesLess: Cost of goods soldGross profit,$$$
Required information
Problem AA Static Periodic: Alternative cost flows LO P
The following information applies to the questions displayed below.
Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March.
tableDateActivities,Units Acquired at Cost,Units Sold at RetailMarch Beginning inventory, units @ $ per unit,March Purchase, units @ $ per unit,March Sales,, units @ $ per unitMarch Purchase, units @ $ per unit,March Purchase, units @ $ per unit,March Sales,, units @ $ per unitTotals, units, units
For specific identification, units sold include units from beginning inventory, units from the March purchase, units from the March purchase, and units from the March purchase.
Problem AA Static Part
Compute gross profit earned by the company for each of the four costing methods.
Note: Round your average cost per unit to decimal places and final answers to nearest whole dollar.
tableFIFO,,LIFO,,tableWeightedAveragetableSpecificIdentificationSalesLess: Cost of goods soldGross profit,$$$
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