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Required Information (The following information applies to the quesuons displayed below] Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and

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Required Information (The following information applies to the quesuons displayed below] Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March For specific identification, units sold include 90 units from beginning inventory, 370 units from the March 5 purchase, 80 units from the March 18 purchase, and 160 units from the March 25 purchase. 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (o) specific identufication Note: Round your "averoge cost per unit" to 2 decimal places. Requlred Information (The following information applies to the questions alsplayed below) Warnerwoods Company uses a penodic inventory system. It entered into the following purchaseh and sales transactioris for March For specific identification, units sold include 90 units from beginning inventory, 370 units from the March 5 purchase, 80 unis from the March 18 purchase, and 160 units from the March 25 purchase. 4. Compute gross profit earned by the company for each of the four costing methods. Note: Round your average cost per unit to 2 decimal pleces ond finol answers to nearest whole doller. Expleneten

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