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 190 units @ $52.80 per unit
March 5 Purchase 270 units @ $57.80 per unit
March 9 Sales 350 units @ $87.80 per unit
March 18 Purchase 130 units @ $62.80 per unit
March 25 Purchase 240 units @ $64.80 per unit
March 29 Sales 220 units @ $97.80 per unit
Totals 830 units 570 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 110 units from beginning inventory, 240 units from the March 5 purchase, 90 units from the March 18 purchase, and 130 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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