Question: Required information Problem 6 - 2 AA ( Algo ) Periodic: Alternative cost flows LO P 3 [ The following information applies to the questions

Required information
Problem 6-2AA (Algo) Periodic: Alternative cost flows LO P3
[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.
For specific identification, units sold include 80 units from beginning inventory, 365 units from the March 5 purchase, 65 units from the March 18 purchase, and 145 units from the March 25 purchase.
Problem 6-2AA (Algo) Part 4
4. Compute gross profit earned by the company for each of the four costing methods.
Note: Round your average cost per unit to 2 decimal places and final answers to nearest whole dollar.
\table[[,FIFO,LIFO,\table[[Weighted],[Average]],\table[[Specific],[Identification]]],[Sales,,,,],[Less: Cost of goods sold,,,,],[Gross profit,,,,]]
 Required information Problem 6-2AA (Algo) Periodic: Alternative cost flows LO P3

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