ework i Saved Help 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. Units Sold at Retail Units Acquired at Cost 135 units @ $70 per unit 435 units @ $75 per unit 455 units @ $105 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 190 units @ $80 per unit 270 units @ $82 per unit 230 units @ $115 per unit 685 units 1,030 units For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 375 units from the March 5 purchase; the March 29 sale consisted of 75 units from the March 18 purchase and 155 units from the March 25 purchase. equired. - 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 0 $ Beginning inventory Purchases: March 5 685 units For specific identification, the March 9 sale consisted of 80 units from beginning iny purchase; the March 29 sale consisted of 75 units from the March 18 purchase and 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 Unit for Sale 1 Beginning inventory Purchases: March 5 March 18 March 25 Total 20 units $82 Mar. 29 Sales Totals 1,030 units For specific identification, the March 9 sale consisted purchase; the March 29 sale consisted of 75 units from 2. Compute the number of units in ending inventory. Ending inventory units Required information a) Periodic FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory # of units cost per Cost of Goods Available for Sale $ 0 # of units sold Cost per unit Cost of Goods Sold $ of units in ending Inventory Cost per unit Ending Inventory $ 0.00 $ 0.00 $ 0 Beginning inventory Purchases: March 5 March 18 March 25 Total $ $ 0.00 0.00 $ $ $ 0.00 0.00 0.00 0 b) Periodic LIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Goods Cost per # of units unit Available for Sale # of units sold Cost per unit Cost of Goods Sold # of units in ending inventory Cost per unit Ending Inventory $ 0 Beginning inventory Purchases: March 5 March 18 March 25 Total Ending Inventory Gost of Goods Sold Ination Total c) Average Cost Cost of Goods Sold Cost of Goods Available for Sale Average Cost of # of units Cost per Goods unit Available for Sale Ending Inventory # of units sold Average Cost per Unit Cost of Goods Sold # of units in ending Inventory Average Cost per unit Ending y Beginning inventory Purchases: March 5 March 18 March 25 Total $ 0 $ 0 d) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory # of units Cost per unit Cost of Goods Available for Sale # of units sold Cost per unit Cost of Goods Sold # of units in ending inventory Cost per unit Ending Inventory $ 0 Beginning inventory Purchases: March 5 March 18 March 25 Total of 8 Next > Mal. 25 Purchase Mar. 29 Sales Totals July $80 per unit 270 units @ $82 per unit $10 1,030 units 230 units @ $11 685 units For specific identification, the March 9 sale consisted of 80 units from beginning invento purchase; the March 29 sale consisted of 75 units from the March 18 purchase and 155 4. Compute gross profit earned by the company for each of the four costing methods. (Round places and final answers to nearest whole dollar.) FIFO FIFO L LEO IFO Weighted Average Specific Identification Sales Less: Cost of goods sold Gross profit | $ 0 $ 0 $ 0 0