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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.
tableDateActivities,Units,Acquired at Cos,March Beginning inventory, units,a $ per unit,March Purchase, units,a $ per unit,March Sales,,, units @ $ per unitMarch Purchase, units,@ $ per unit,March Purchase, units,@ $ per unit,March Sales,,, units @ $ per unitTotals, units,, units
Problem AA Static Part
Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March sale consisted of units from beginning inventory and units from the March purchase; the March sale consisted of units from the March purchase and units from the March purchase.
Note: Round weighted average cost per unit to decimal places.
tableGross Margin,,,,,,Cost,,c IDSales$$$$Less: Cost of goods sold,,,,,,Gross profit,,,,,,,,
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