Problem AA Algo Periodic: Alternative cost flows LO P
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.
tableDateActivities,Units Accquired at costUnits Sold at RetailMarch Beginning inventory, units,a $ per unit,tableMarch March tablePurchaseSales units,@ $ per unit, units @ $ per unittableMarch March tablePurchasePurchase units,@ $ per unit,March Sales, units,@ $ per unit, 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.
Problem AA Algo Part
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.
