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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

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 140 units @ $75 per unit
March 5 Purchase 440 units @ $80 per unit
March 9 Sales 460 units @ $110 per unit
March 18 Purchase 200 units @ $85 per unit
March 25 Purchase 280 units @ $87 per unit
March 29 Sales 240 units @ $120 per unit
Totals 1,060 units 700 units 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.Compute gross profit earned by the company for each of the four costing methods.
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