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y Required information [ The following information applies to the questions displayed below. ] 4 of 4 Warnerwoods Company uses a perpetual inventory system. It
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Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.
tableDateActivities,Units Acquired at Cost,Units :Sold at I,RetailMarBeginning inventory, units @$ per unit,,,MarPurchase, units @$ per unit,,,MarSales,, units @$per unitMarPurchase, units @$ per unit,,,MarPurchase, units @ $ per unit,,,MarSales,, units,$ per unitTotals, units, units,,
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. Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.
tableGross Margin,FIFO,LIFO,Avg. Cost,Spec. IDSalesLess: Cost of goods sold,,Gross profit,$$
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