Question: please have it in spreadsheet form, the way it already is please! thank you! Che t i ne Touowing inrormauon appiies ro tne questions aispiayea






please have it in spreadsheet form, the way it already is please! thank you!
Che t i ne Touowing inrormauon appiies ro tne questions aispiayea peiow Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Units Acquired at Cost 210 units $53.20 per unit 280 units $58.20 per unit Date Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Activities Units Sold at Retai 370 units $88.20 per unit 240 units@ $98.20 per unit 140 units $63.20 per unit 260 units $65.20 per unit Totals 890 units 610 units 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale consisted of 120 units from beginning inventory and 250 units from the March 5 purchase; the March 29 sale consisted of 100 units from the March 18 purchase and 140 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.) FIFO Gross Margin Sales Less: Cost of goods sold Gross profit LIFO Avg. Cost Spec. ID 56,202 $ 35.052.00 56.202 36,382.00 19,820 56,202 S 56.202 $ 36,732.00 36,508.10 21,150S 19,470
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
