{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-27T17:05:47-04:00", "answer_date": "2024-05-27 17:05:47", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1791199", "url": "\/study-help\/questions\/required-information-problem-61a-perpetual-alternative-cost-flows-lo-p1-1791199", "question_creation_date_js": "2024-05-27T17:05:47-04:00", "question_creation_date": "May 27, 2024 05:05 PM", "meta_title": "[Solved] Required information Problem 6-1A Perpetu | SolutionInn", "meta_description": "Answer of - Required information Problem 6-1A Perpetual: Alternative cost flows LO P1 [The following information applies to the qu | SolutionInn", "meta_keywords": "required,information,problem,6-1a,perpetual,alternative,cost,flows,lo,p1,applies,questions", "question_title_h1": " Required information Problem 6-1A Perpetual: Alternative cost flows LO P1 [The following information applies to the questions displayed below.] Warnerwoods Company uses a perpetual", "question_title": " Required information Problem 6-1A Perpetual: Alternative cost flows LO P1 [The", "question_title_for_js_snippet": "Required information Problem 6 1A Perpetual Alternative cost flows LO P1 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 Mar Activities 1 Beginning inventory Mar 5 Purchase Mar 9 Sales Mar 18 Purchase Mar 25 Purchase Mar 29 Sales Units Acquired at Cost 200 units $53 00 per unit 275 units $58 00 per unit 135 units $63 00 per unit 250 units $65 00 per unit Totals 860 units Units Sold at Retail 360 units $88 00 per unit 230 units $98 00 per unit 590 units Problem 6 1A Part 4 4 Compute gross profit earned by the company for each of the four costing methods For specific Identification, the March 9 sale consisted of 115 units from beginning Inventory and 245 units from the March 5 purchase the March 29 sale consisted of 95 units from the March 18 purchase and 135 units from the March 25 purchase (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar ) Gross Margin Sales Less Cost of goods sold Gross profit FIFO LIFO Avg Cost Spec ID", "question_description": "\"image", "transcribed_text": "Required information Problem 6-1A Perpetual: Alternative cost flows LO P1 [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 Mar. Activities 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Units Acquired at Cost 200 units @ $53.00 per unit 275 units @ $58.00 per unit 135 units @ $63.00 per unit 250 units @ $65.00 per unit Totals 860 units Units Sold at Retail 360 units @ $88.00 per unit 230 units @ $98.00 per unit 590 units Problem 6-1A Part 4 4. Compute gross profit earned by the company for each of the four costing methods. For specific Identification, the March 9 sale consisted of 115 units from beginning Inventory and 245 units from the March 5 purchase; the March 29 sale consisted of 95 units from the March 18 purchase and 135 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.) Gross Margin Sales Less: Cost of goods sold Gross profit FIFO LIFO Avg. Cost Spec. ID", "related_book": { "title": "Fundamental accounting principle", "isbn": "1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587", "edition": "21st edition", "authors": "John J. Wild, Ken W. Shaw, Barbara Chiappetta", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/267.jpg", "uri": "\/textbooks\/fundamental-accounting-principle-21st-edition-267", "see_more_uri": "" }, "free_related_book": { "isbn": "B07M8DTB32", "uri": "\/textbooks\/last-cast-tackle-1-5oz-2-5oz-bullet-jig-3-pack-4-colors-and-3-weights-to-choose-from-b07m8dtb32-163219", "name": "Last Cast Tackle 1 5oz 2 5oz Bullet Jig 3 Pack 4 Colors And 3 Weights To Choose From", "edition": "" }, "question_posted": "2024-05-27 17:05:47", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-September-22", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/mrs-ridhima-had-a-factory-situated-in-delhi-which-he-459031", "description": "Mrs. Ridhima had a factory situated in Delhi which he transferred to Uttar Pradesh and closed all operations in Delhi. 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