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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 following purchases and

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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 following purchases and sales transactions for March Unito Sold at Retan Unito acquired at Cost 220 units @ $53.40 per unit 285 units $58.40 per unit Date March 1 March 5 March March 18 March 25 March 29 activities Beginning inventory Purchase Sales Purchase Purchase Boles Totals 380 units $88.40 per unit 145 units $63.40 per unit 270 units $65.40 per unit 250 unita $95.40 per unit 630 units 920 units 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include 125 units from beginning inventory, 255 units from the March 5 purchase, 105 units from the March 18 purchase, and 145 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar) Grous Margin Sales Less Cont of goods sold Gross profit 5 Answer is complete but not entirely correct FIFO LIFO Weighted Avore spochon 58.1928 58,192 5 58,192 $ 58,192 36,317 36,007 37,832 37,707 21.875 20.125 S 20,3815 20.485 $

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