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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 Date Activities Units Acquired at Coat Units sold at Retail Mar. 1 Beginning inventory 200 unitse $53.00 per unit Mar. 5 Purchase 275 units $58.00 per unit Mar. 9 Sales 360 units $68.00 per unit Mar. 18 Purchase 135 unitse $63.00 per unit Mar. 25 Purchase 250 units $65.00 per unit Mar. 29 Sales 230 unitse $98.00 per unit Totals 860 units 59D units 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, the Morch 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.) FIFO 54,220 s LIFO Avg. Cost Spec.ID 54.220 54,220 $ 54,220 $ Gross Margin Sales Less: Cost of goods sold Gross profit

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