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Problem A Algo Periodic: Alternative cost flows LO P
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Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March.
Date Activities Units Acquired at Cost Units Sold at Retail
March Beginning inventory units @ $ per unit
March Purchase units @ $ per unit
March Sales units @ $ per unit
March Purchase units @ $ per unit
March Purchase units @ $ per unit
March Sales units @ $ per unit
Totals units units
For specific identification, the March sale consisted of units from beginning inventory and units from the March purchase; the March sale consisted of units from the March purchase and units from the March purchase.
Problem A 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.
