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Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. table [ [ Date , Activities,Units,Acquired

Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.
\table[[Date,Activities,Units,Acquired at Cos,],[March 1,Beginning inventory,100 units,a $50 per unit,],[March 5,Purchase,400 units,a $55 per unit,],[March 9,Sales,,,420 units @ $85 per unit],[March 18,Purchase,120 units,@ $60 per unit,],[March 25,Purchase,200 units,@ $62 per unit,],[March 29,Sales,,,160 units @ $95 per unit],[,Totals,820 units,,580 units]]
Problem 5-2AA (Static) Part 4
4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 340 units from the March 5 purchase; the March 29 sale consisted of 40 units from the March 18 purchase and 120 units from the March 25 purchase.
Note: Round weighted average cost per unit to 2 decimal places.
\table[[Gross Margin,,,,,,Cost,,c ID],[Sales,$,50,900,$,50,900,$,50,900,$,50,900],[Less: Cost of goods sold,,,,,,44,280,,32,540],[Gross profit,,,,,,,,]]
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