Question: Problem 5 - 1 A ( Algo ) Perpetual: Alternative cost flows LO P 1 Skip to question [ The following information applies to the

Problem 5-1A (Algo) Perpetual: Alternative cost flows LO P1
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[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
March 1 Beginning inventory 60 units @ $50.20 per unit
March 5 Purchase 205 units @ $55.20 per unit
March 9 Sales 220 units @ $85.20 per unit
March 18 Purchase 65 units @ $60.20 per unit
March 25 Purchase 110 units @ $62.20 per unit
March 29 Sales 90 units @ $95.20 per unit
Totals 440 units 310 units
Problem 5-1A (Algo) Part 4
4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include 45 units from beginning inventory, 175 units from the March 5 purchase, 25 units from the March 18 purchase, and 65 units from the March 25 purchase.
Note: Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.

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