5 Required information Problem 6-1A Perpetual: Alternative cost flows LO P1 Part33 22 pods Dock [The following information applies to the questions displayed below) Wamerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March, Date Mar. Activities 1 Beginning inventory Mar 5 Purchase Mar. 9 Sales Mar 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 300 units @ $88.00 per unit Units Acquired at cost 200 units @ $53.00 per unit 275 units @ $58.00 per unit 135 units @ $63.00 per unit 250 units se5.00 per unit 230 units@ $00.00 per unit 860 units 500 units Referees Problem 6-1A Part 4 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale consisted of 115 units from beginning inventory and 245 units from the March 5 purchase, the March 20 sale consisted of 95 units from the March 18 purchase and 135 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar) Gross Margin Sales Less Cost of goods sold Gs pate FIFO LIFO Avg. Cost Spec. ID Required information Problem 6-1A Perpetual: Alternative cost flows LO P1 [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 Mar. Mar.. Activities 1 Beginning inventory 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase. Mar. 29 Sales Totals Units Acquired at Cost 200 units @ $53.00 per unit 275 units @ $58.00 per unit Units Sold at Retail 360 units @ $88.00 per unit 230 units @ $98.00 per unit 590 units. 135 units @ $63.00 per unit 250 units @ $65.00 per unit 860 units Problem 6-1A Part 4 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale consisted of 115 units from beginning inventory and 245 units from the March 5 purchase; the March 29 sale consisted of 95 units from the March 18 purchase and 135 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.) Gross Margin Sales Less: Cost of goods sold Gross profit FIFO LIFO Avg. Cost Spec. ID