(The following information appies to the questions displayed below) Warnerwoods Company uses a perpetual inventory system....

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(The following information appies to the questions displayed below) Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Units Acquired at Cost 150 unitso $52.00 per unit 250 unitsa $57.00 per unit Date Mar. Mar. Mar. Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Activities Units Sold at Retail 1 Beginning inventory 5 Purchase 9 Sales 310 units a $87.e0 per unit 118 unitse $62.80 per unit 208 unitsa $64,00 per unit 188 un itsa $97.00 per unit Totals 718 units 490 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 90 units from beginning inventory and 220 units from the March 5 purchase, the March 29 sale consisted of 70 units from the March 18 purchase and 110 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.) Avg. Cost Spec. ID FIFO LIFO Gross Margin Sales Less: Cost of goods sold Gross proft Required information Problem 6-2AA Periodic: Alternative cost flows LO P3 (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 Mar. 1 Beginning inventory Mar. 5 Purchase Mar. Mar. 18 Purchase Units Acquired at Cost 180 units e $70 per unit 480 units @ $75 per unit Activities Units Sold at Retail 9 Sales 500 units @ $105 per unit 280 units e $80 per unit 360 units e $82 per unit Mar. 25 Purchase Mar, 29 Sales 320 units@ $115 per unit Totals 1,300 units 820 units For specific identification, the March 9 sale consisted of 90 units from beginning inventory and 410 units from the March 5 purchase; the March 29 sale consisted of 120 units from the March 18 purchase and 200 units from the March 25 purchase. Problem 6-2AA Part 1 Required. 1. Compute cost of goods available for sale and the number of units available for sale. 5 Purchase 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Mar. 480 units@ s/5 per unit Mar. 500 units@ $105 per unit 280 units@ $80 per unit 360 units@ s82 per unit 320 units@ s115 per unit Totals 1,300 units 820 units For specific identification, the March 9 sale consisted of 90 units from beginning inventory and 410 units from the March 5 purchase; the March 29 sale consisted of 120 units from the March 18 purchase and 200 units from the March 25 purchase. Problem 6-2AA Part 1 Required. 1. Compute cost of goods available for sale and the number of units available for sale. Cost of Goods Available for Sale # of Units Cost per Cost of Goods Available for Sale Unit Beginning inventory Purchases: March 5 March 18 March 25 Total Required information Problem 6-2AA Periodic: Alternative cost flows LO P3 [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. Activities Date Mar. 1 Beginning inventory Mar. Mar. Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Units Acquired at Cost 180 units@ $70 per unit 480 unitse $75 per unit Units Sold at Retail 5 Purchase 9 Sales 500 units e s105 per unit 280 units @ $88 per unit 360 unitse $82 per unit 320 units@ $115 per unit Totals 1,300 units 820 units For specific identification, the March 9 sale consisted of 90 units from beginning inventory and 410 units from the March 5 purchase; the March 29 sale consisted of 120 units from the March 18 purchase and 200 units from the March 25 purchase. Problem 6-2AA Part 2 2. Compute the number of units in ending inventory. Ending inventory units (The following information appies to the questions displayed below) Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Units Acquired at Cost 150 unitso $52.00 per unit 250 unitsa $57.00 per unit Date Mar. Mar. Mar. Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Activities Units Sold at Retail 1 Beginning inventory 5 Purchase 9 Sales 310 units a $87.e0 per unit 118 unitse $62.80 per unit 208 unitsa $64,00 per unit 188 un itsa $97.00 per unit Totals 718 units 490 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 90 units from beginning inventory and 220 units from the March 5 purchase, the March 29 sale consisted of 70 units from the March 18 purchase and 110 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.) Avg. Cost Spec. ID FIFO LIFO Gross Margin Sales Less: Cost of goods sold Gross proft Required information Problem 6-2AA Periodic: Alternative cost flows LO P3 (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 Mar. 1 Beginning inventory Mar. 5 Purchase Mar. Mar. 18 Purchase Units Acquired at Cost 180 units e $70 per unit 480 units @ $75 per unit Activities Units Sold at Retail 9 Sales 500 units @ $105 per unit 280 units e $80 per unit 360 units e $82 per unit Mar. 25 Purchase Mar, 29 Sales 320 units@ $115 per unit Totals 1,300 units 820 units For specific identification, the March 9 sale consisted of 90 units from beginning inventory and 410 units from the March 5 purchase; the March 29 sale consisted of 120 units from the March 18 purchase and 200 units from the March 25 purchase. Problem 6-2AA Part 1 Required. 1. Compute cost of goods available for sale and the number of units available for sale. 5 Purchase 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Mar. 480 units@ s/5 per unit Mar. 500 units@ $105 per unit 280 units@ $80 per unit 360 units@ s82 per unit 320 units@ s115 per unit Totals 1,300 units 820 units For specific identification, the March 9 sale consisted of 90 units from beginning inventory and 410 units from the March 5 purchase; the March 29 sale consisted of 120 units from the March 18 purchase and 200 units from the March 25 purchase. Problem 6-2AA Part 1 Required. 1. Compute cost of goods available for sale and the number of units available for sale. Cost of Goods Available for Sale # of Units Cost per Cost of Goods Available for Sale Unit Beginning inventory Purchases: March 5 March 18 March 25 Total Required information Problem 6-2AA Periodic: Alternative cost flows LO P3 [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. Activities Date Mar. 1 Beginning inventory Mar. Mar. Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Units Acquired at Cost 180 units@ $70 per unit 480 unitse $75 per unit Units Sold at Retail 5 Purchase 9 Sales 500 units e s105 per unit 280 units @ $88 per unit 360 unitse $82 per unit 320 units@ $115 per unit Totals 1,300 units 820 units For specific identification, the March 9 sale consisted of 90 units from beginning inventory and 410 units from the March 5 purchase; the March 29 sale consisted of 120 units from the March 18 purchase and 200 units from the March 25 purchase. Problem 6-2AA Part 2 2. Compute the number of units in ending inventory. Ending inventory units

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Answer Gross Margin FIFO LIFO Avg Cost Spec ID Sales 4443000 4443000 4443000 4443000 Less Cost of Go... View the full answer