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Required information {The following information applies to the questions displayed below.)...

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Accounting

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Required information {The following information applies to the questions displayed below.) Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Date Activities Units Acquired at Cost Unite Sold at Reta. Mar. 1 Beginning inventory 200 units 566.00 per unit MAT 5 Purchase 400 units 571.00 per unit ME 9 Sales 420 units 5101.00 per unit Mar. 18 Purchase 120 units $76.00 per unit Mar 25 Purchase 200 units $78.00 per unit 160 units $111.00 per unit HAL. 29 Sales 580 units 820 units Totals 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 f the March 18 purchase and 120 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and fin answers to nearest whole dollar.) Avg. Cost Spec. ID FIFO LIFO Gross Margin Sales Less: Cost of goods sold Gross profit

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