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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 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
Compute gross profit earned by the company for each of the four costing methods. 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.
Note: Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.
