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Problem 6-1A (Algo) Perpetual: Alternative cost flows LO P1

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Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.

Date	Activities	Units Acquired at Cost	Units Sold at Retail
March 1	Beginning inventory	110	units	@ $51.20 per unit
March 5	Purchase	230	units	@ $56.20 per unit
March 9	Sales				270	units	@ $86.20 per unit
March 18	Purchase	90	units	@ $61.20 per unit
March 25	Purchase	160	units	@ $63.20 per unit
March 29	Sales				140	units	@ $96.20 per unit
	Totals	590	units		410	units

Problem 6-1A (Algo) Part 4

4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include 70 units from beginning inventory, 200 units from the March 5 purchase, 50 units from the March 18 purchase, and 90 units from the March 25 purchase.

Note: Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.