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Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.
tableDateActivities,Units,Acquired atCost,Units,Sold attailMarch Beginning inventory, units,e $ per,unit, units,e $per,unitMarch Purchase, units, $ per,unitMarch Sales,,,March Purchase, units,e $ per,unitMarch Purchase, units,@ $ per,unit,,e $per,unitMarch Sales,,,, unitsTotals 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 welghted average cost per unlt to decimal places.
tableGross Margin,FIFO,LIFO,Weighted Average,Specific IDSalesLess: Cost of goods sold,,,,Gross profit,,,,
