Shamrock, Inc. uses a periodic inventory system and reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 105 $5 $525 12 Purchases 350 6 2,100 23 Purchases 200 7 1,400 30 Inventory 250 On January 1, 2018, Durdal Company issued 9% bonds having a maturity value of $300,000 for $324,000, which provides the bondholders with a 7% yield. The bonds are dated January 1, 2018, and mature January 1, 2021, with interest payable December 31 of each year. The journal entry at December 31, 2018 to record the interest payment and the related amortization would include which of the following? OA. Credit Cash $21,000 OB. Credit Bond Payable $4,320 OC. Credit Interest Expense $22,680 OD. Credit Cash $27,000 ! 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. Activities Date Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals Units Acquired at Cost 220 units @ $53.40 per unit 285 units $58.40 per unit Units Sold at Retail 380 units @ $88.40 per unit 145 units @ $63.40 per unit 270 units @ $65.40 per unit 920 units 250 units $98.40 per unit 630 units 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale consisted of 125 units from beginning inventory and 255 units from the March 5 purchase; the March 29 sale consisted of 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.) Gross Margin Sales Less: Cost of goods sold Gross profit FIFO LIFO Avg. Cost Spec. ID