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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
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 Units Sold at taft Date Activities Hae: 1 Beginning inventory Har 5 Parchase Mar. Sales Mar. 1. Purchase Har 25 Purchase Mar. 21 Sales Total Units Acquired at Cost 100 units 350.00 per unit 400 units 555.00 per unit 120 units 60.00 per unit 200 units 162.00 per unit 420 units 505.00 per unit 100 watt 595.00 per unit 50 units 320 units 10 For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 340 units from the March 5 purchase the March 29 sale conusted of 40 units from the March 18 purchase and 120 units from the March 25 purchase, tes 4. Compute gross profiteamed by the company for each of the four costing methods. (Round your average cost per unit to 2 decimal places and finel answers to nenrest whole dotter) Welged Specite 50.500 5 5000 45 900 50.000 5.000 Les Corts sold Ces prota 50.00 5 5059 $5,9005 50.500 5.000 15.900
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