Question: I keep getting this problem wrong... can someone please help? Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales
I keep getting this problem wrong... can someone please help?
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.

Problem 5-1A 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 Activities Units Acquired at Cost Units Sold at Retail 1 Beginning inventory 100 units @ $51.00 per unit Mar. 5 Purchase 225 units @ $56.00 per unit 260 units @ $86.00 per unit Mar. 18 Purchase 85 units @ $61.00 per unit Mar. 25 Purchase 150 units @ $63.00 per unit Mar. 29 Sales 130 units @ $96.00 per unit Totals 560 units 390 units Mar. Mar. 9 Sales 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 65 units from beginning inventory and 195 units from the March 5 purchase; the March 29 sale consisted of 45 units from the March 18 purchase and 85 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 Answer is complete but not entirely correct. FIFO LIFO Avg. Cost Spec. ID 32,335 $ 32,335 $ 32,335 $ 32,335 22,335 22,035 22,575 21,665 10,000 10,300 $ 9,760 10,670 IS $
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