Warnerwoods Company uses a perpetual inventory system. It entered the following purchases and sales transactions for March (Attached).

1. Compute costs of goods available for sale and number of units available for sale.

2. Compute the number of units in ending inventory.

3.Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. 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. (Round your average cost per unit to 2 decimal places.)

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. (Round weighted average cost per unit to two decimals.)

Warnerwoods Company uses a perpetual inventory system. It entered the following purchases and sales transactions for March. Date March 1 Activities Beginning Inventory March 5 Purchase March 9 March 18 Sales Purchase March 25 Purchase March 29 Totals: Units Acquired at Cost 100 units @ $50 per unit 400 units @ $55 per unit Sales Units Sold at Retail 420 units @ $85 per unit 120 units @ $60 per unit 200 units @ $62 per unit 820 units 160 units @ $95 per unit 580 units 1. Compute cost of goods available for sale and the number of units available for sale. 2. Compute the number of units in ending inventory 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. 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. (Round your average cost per unit to 2 decimal places.) 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. (Round weighted average cost per unit to two decimals.)