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Required information [The following information applies to the questions displayed beiowj Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and
Required information [The following information applies to the questions displayed beiowj Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions forMarch. Date Activities Units Acquired at East Units Sold at Retail March 1 Beginning inventory 126 units @ $55 per unit March 5 Purchase 426 units @ $56 per unit March 9 Sales 44-6 units @ $96 per' unit March 18 Purchase 163 units @ $65 per unit March 25 Purchase 2443 units @ $6? per unit March 29 Sales 26-3 units @ $189 per unit Totals 94-6 units 54-6 units For specic identication, units sold include 40 units from beginning inventory, 400 units from the March 5 purchase, 60 units from the March 18 purchase, and 140 units from the March 25 purchase. 4. Compute gross prot earned by the company for each of the four costing methods. {Round your average cost per unit to 2 decimal places and final answers to nearest whole dollar.} $ 59,500 5 59.6% s 59.6% s 595% Less: Cost of goods sold Gross prot
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