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! Required information [ The following information applies to the questions displayed below. ] Warnerwoods Company uses a perpetual inventory system. It entered into the
Required information
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.
tableDateActivities,Units Acquired at CostMarch Beginning inventory, units @ $ per unitMarch Purchase, units @ $ per unitMarch Sales,March Purchase, units @ $ per unitMarch Purchase, units @ $ per unlMarch Sales,Totals,
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.
tableGross Margin,FIFO,LIFO,tableWeightedAverageSpecific IDSalesLess: Cost of goods sold,,,,Gross profit,,,,
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