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Using the information listed below answer questions 2 - 4 Required information [ The following information applies to the questions displayed below. ] Warnerwoods Company

Using the information listed below answer questions 2-4
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.
Compute the number of units in ending inventory.
Compute the cost assigned to ending inventory using (a). FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For
specific identification, units sold include 95 units from beginning inventory, 225 units from the March 5 purchase, 75 units from the
March 18 purchase, and 115 units from the March 25 purchase.
Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include 95
units from beginning inventory, 225 units from the March 5 purchase, 75 units from the March 18 purchase, and 115 units from the
March 25 purchase.
Note: Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.
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