0 Required information [The following information applies to the questions displayed below] Warnerwoods Company uses a p

[answerhappygod]

0 Required Information The Following Information Applies To The Questions Displayed Below Warnerwoods Company Uses A P 1 (53.06 KiB) Viewed 29 times

0 Required information [The following information applies to the questions displayed below] Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March. Date Units Sold at Retail March 1 Activities Beginning inventory Purchase Units Acquired at Cost 150 units @ $40 per unit 450 units@ $45 per unit March 5 March 9 Sales 470 units@ $75 per unit March 18 Purchase 220 units@ $50 per unit 300 units @ $52 per unit March 25 Purchase March 29 Sales 260 units@ $85 per unit 730 units Totals 1,120 units For specific identification, units sold include 40 units from beginning inventory, 430 units from the March 5 purchase, 90 units from the March 18 purchase, and 170 units from the March 25 purchase. 4. Compute gross profit earned by the company for each of the four costing methods. (Round your average co per unit to 2 decimal places and final answers to nearest whole dollar.) FIFO LIFO Weighted Average Specific Identification Sales Less: Cost of goods sold Gross profit 0 $ 0 $ 0 $ 0 $