Required information [The following information applies to the questions displayed below.) Warnerwoods Company uses a periodic Inventory system. It entered into the following purchases and sales transactions for March Date Activities Units Acquired at Cost Units sold at Retail March 1 Beginning inventory 135 units @ $70 per unit March 5 Purchase 435 units @ $75 per unit March 9 Sales 455 units 5105 per unit March 18 Purchase 198 units $80 per unit March 25 Purchase 270 units @ $82 per unit March 29 Sales 23e units $115 per unit Totals 1,038 units 685 units For specific identification, units sold include 80 units from beginning Inventory. 375 units from the March 5 purchase. 75 units from the March 18 purchase, and 155 units from the March 25 purchase. Required: 1. Compute cost of goods available for sale and the number of units available for sale. Cost of Goods Available for Sale # of Units Cost per Cost of Goods Available Unit for Sale S 0 Beginning inventory Purchases: March 5 March 18 March 25 Total 0 01 Required information [The following information applies to the questions displayed below.] Warnerwoods Company uses a periodic Inventory system. It entered into the following purchases and sales transactions for March Date Activities Units Acquired at Cost Units sold at Retail March 1 Beginning inventory 135 units @ $7 per unit March 5 Purchase 435 units @ $75 per unit March 9 Sales 455 units $105 per unit March 18 Purchase 198 units @ $88 per unit March 25 Purchase 278 units @ $82 per unit March 29 Sales 230 units $115 per unit Totals 1,038 units 685 units For specific identification, units sold include 80 units from beginning Inventory. 375 units from the March 5 purchase. 75 units from the March 18 purchase, and 155 units from the March 25 purchase. 2 Compute the number of units In ending Inventory. Ending inventory units Required information [The following information applies to the questions displayed below.) Wemerwoods Company uses a periodic Inventory system. It entered into the following purchases and sales transactions for March Activities units acquired at Cost units Sold at Retail March 1 Beginning Inventory 135 units $78 per unit March Purchase 435 units @ $75 per unit March Sales 455 units $10 per wit March 18 Purchase 190 units sea per unit March 25 Purchase 278 units @ $2 per unit March 20 Sales 230 units $115 per unit Totals 1,238 units 685 units For specific identification, units sold include 90 units from beginning inventory, 375 units from the March 5 purchase, 75 units from the March 18 purchase, and 155 units from the March 25 purchase. 3. Compute the cost signed to ending inventory using (FIFO. (6) LIFO. (c) weighted average, and (d) specific identification (Round your "average cost per unit" to 2 decimal places.) a) Periodis FIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for se Coct of # of units Cost per Goods unit Available for Bale # of units Cost per Gold unit Cost of Goode Bold #of units in anding Inventory Cost per Ending unit Inventory $ 0 $ 0.00 $ O $ 0.00 $ O 0 ol 0 Beginning inventory Purchases March March 18 March 25 Total $ $ 0.00 0.00 0 0 $ $ $ ol ol 0 0.00 0.00 0.00 0 0 b) Periodio LIFO Cost of Goods sold Cost of Good Available for Sale Coct of Goods unit Available for Bale of unit Cost per # of unite Cost per Gold unit Ending Inventory # of units in onding Cost per Ending unit Inventory Inventory Cost of Goods Bold 6 0 Beginning inventory Purchase March March 18 March 25 Total O 0 01 Average Cost Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Coct of Average Ooods # of units Cost per unit Available for Bale of unite Average Gold Coct per Unit Cost of Goods Bold # of units in onding Inventory Average Coct per unit Ending Inventory Beginning inventory Purchases: March March March 25 Total 0 d) Specifio identification Cost of Goodt Available for alle Cost of Goods Sold Ending Inventory # of units Cost per Coct of Goods Avaliabio for Bale unit # of unito Coct per Gold unit Cost of Goods Bold #of units in anding Inventory Cost per unit Ending Inventory $ S 0 0 Beginning inventory Purchases March 5 March 18 March 25 Total 0 0 Required Information [The following information applies to the questions displayed below.] Wamerwoods Company uses a periodic Inventory system. It entered into the following purchases and sales transactions for March Date Activities units Acquired at Cost units Sold at Retail March 1 Beginning inventory | 135 units sia per unit March 5 Purchase 435 units @ $75 per unit March Sales 455 units $15 per unit March 18 Purchase 190 units sea per unit March 25 Purchase 278 units @ $82 per unit March 20 Sales 230 wits $115 per uit Totals 1,30 units 685 uits For specific identification, unis sold include 90 units from beginning inventory, 375 units from the March 5 purchase, 75 units from the March 18 purchase, and 155 units from the March 25 purchase. 4. Compute gross profit 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) FIFO LIFO Weighted Average Spealtio Identiflotion Sales Less: Cost of goods sold Gross profit