![]() Mar. 5 Purchase … … … Mar. 9 Sales … … … Mar. 18 Purchase … … … Mar. 25 Purchase … … … Mar. (For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 340 units from the March 5 purchase the March 29 sale consisted of 40 units from the March 18 purchase and 120 units from the March 25 purchase.)ĭate Activities Units Acquired at Cost … … … Units Sold at Retail Mar. 1 Beginning inventory … … …. It entered into the following purchases and sales transactions for March. Warnerwoods Company uses a perpetual inventory system. Compute gross profit earned by the company for each of the four costing methods in part 3.Compute cost of goods available for sale and the number of units available for sale. ![]() Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and Question: Warnerwoods Company uses a perpetual inventory system.Compute the number of units in ending inventory.Compute the cost assigned to ending inventory using specific identification. Compute cost of goods available for sale and the number of units available for sale. Transcribed image text: Required information The following information applies to the questions displayed below.(For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 340 units from the March 5 purchase the March 29 sale consisted of 40 units from the March 18 purchase and 120 units from the March 25 purchase.) Date It entered into the followingpurchases and sales transactions for March. Required information The following information applies to the questions displayed below Warnerwoods Company uses a perpetual inventory system. Warnerwoods Company uses a perpetual inventory system. ![]() ![]() It entered into the following purchases and saies transactions for March. It entered into the following purchases and sales transactions for March. Warnerwoods Company uses a perpetual inventory system.
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