G ezto.mheducation.com C + M Question 7 - Chapter 5 Homework - Connect * [Solved] In taking a physical inventory at the end of Year 1, Grant Company... | Course Hero Study Mode: Chapter 5 Homework i Saved Help Sa 7 Required information Problem 5-1A Perpetual: Alternative cost flows LO P1 Part 4 of 4 [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. 12.5 points Date Activities Units Acquired at Cost Units Sold at Retail Mar. 1 Beginning inventory 100 units @ $60.00 per unit Mar. 5 Purchase 400 units @ $65.00 per unit Mar. 9 Sales 420 units @ $95.00 per unit Mar. 18 Purchase 120 units @ $70.00 per unit Book Purchase @ $72.00 per Mar. 29 Sales 160 units @ $105.00 per unit Totals 820 units 580 units Print References Problem 5-1A 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 80 units from beginning inventory and 340 units from the March 5 purchase; the March 29 sale consisted of 40 units from the March 18 purchase and 120 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.) Gross Margin FIFO LIFO Avg. Cost Spec. ID Sales Less: Cost of g Gross profit This is a numeric cell, so please enter numbers only. Mc Graw Hill[,3 ezto.mheducationicom M Question 2 - Chapter 5 Humewurk - Connect Study Mode: Chapter 5 Homework 0 Saved Help Sa- Exercise 5-10 Lower of cost or market LO P2 125 Martinez Company's ending inventory includes the following items. paints Product Units Cost per Unit Market per Unit Helmets 29 $ 57 $ 61 Bats 22 35 79 El Shoes 43 132 95 93:0\" Uniforms 47 43 43 @ Compute the lower of cost or market for ending inventory applied separately to each product. Hint if! References Next > % Hill