Mar 1 Beginning Inventory 150 units @ $52.00 per unit Mar 5 Purchase 250 units @ $57.00 per unit Mar 9 Sales 310 units @ 8$87.00 per unit March 18 Purchase 110 units @ $62.00 per unit Mar 25 Purchase 200 units @ $64.00 per unit Mar 29 Sales 180 units @ $97.00 per unit Totals Units @ Cost Units Sold at Retail 710. 490 Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale consist of 90 units from the 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 answer to nearest whole dollar.) Gross Margin. FIFO. LIFO. Avg Cost. Spec ID Sales Less: COGS Gross Profit

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 Activities Units Acquired at Cost Units Sold at Retail Mar. 1 Beginning inventory 150 units @ $52.00 per unit Mar. 5 Purchase 250 units @ $57.00 per unit Mar. 9 Sales 310 units @ $87.00 per unit Mar. 18 Purchase 110 units @ $62.00 per unit Mar. 25 Purchase 200 units @ $64.00 per unit Mar. 29 Sales 180 units @ $97.00 per unit Totals 710 units 490 units Problem 6-1A Part 4 . Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale onsisted of 90 units from beginning inventory and 220 units from the March 5 purchase; the March 29 sale consisted of 70 units he March 18 purchase and 110 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and fir nswers to nearest whole dollar.) Gross Margin FIFO LIFO Avg. Cost Spec. ID Sales Less: Cost of goods sold Gross profit MAY 1 6