Question: omework ( i Required information [ The following information applies to the questions displayed below. ] Warnerwoods Company uses a periodic inventory system. It entered
omework i
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.
tableMarchUnits Sold at RetailDatetableActivitiestableUnits Acquired at Cost units @ $ per unitMarch tableBeginning inventoryPurchasetable units @$ per unit units @$ per unit units a $ per unittableMarch March units & $ pet umitMarch Purchase,table units @ $ per unit units @$ per unittableMarch March tablePurchaseSales units d $ per dirs, units @$ per unitTotals, units, units
For specific identification, units sold include units from beginning inventory, units from the March purchase, units from the March purchase, and units from the March purchase.
Compute gross profit earned by the company for each of the four costing methods.
Note: Round your average cost per unit to decimal places and final answers to nearest whole dollar.
tableFIFO,LIFO,tableWeightedAveragetableSpecificIdentificationSalesLess: Cost of goods sold,,,,Gross profit,,,,
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