Google Chrome File Edit View History Bookmarks Profiles Tabl Window Help с MInbox (270) - abi x MACC101 Principle: (4726) IFRS vs. G x M Chapter 6 Homew x M Question 14 - Chi WiConnect-Home x a M Question 12 ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252Fwe... ☆ Chapter 6 Homework Saved 0 1 Help Save & Ex 12 ! Part 4 of 4 2.51 points Required information Problem 6-1A (Algo) Perpetual: Alternative cost flows LO P1 [The following information applies to the questions displayed below.] Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date eBook March 1 March 5 Ask March 9 March 18 Print March 25 March 29 References Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals Units Acquired at Cost 190 units @ $52.80 per unit 270 units @ $57.80 per unit Units Sold at Retail 350 units @$87.80 per unit 130 units 240 units $62.80 per unit $64.80 per unit 830 units 220 units @$97.80 per unit 570 units Mc Graw Hill ← Problem 6-1A (Algo) Part 4 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include 110 units from beginning inventory, 240 units from the March 5 purchase, 90 units from the March 18 purchase, and 130 units from the March 25 purchase. Note: Round weighted average cost per unit to two decimals and final answers to nearest whole dollar. Gross Margin FIFO LIFO Weighted Average Specific ID < Prev 12 of 16 Next > 11967 JUN 13 tv N a AC → C G Search or type URL ☆ Chec

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Required information
Problem 6-1A (Algo) Perpetual: Alternative cost flows LO P1
[The following information applies to the questions displayed below.]
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions
for March.
Date
eBook
March 1
March 5
Ask
March 9
March 18
Print
March 25
March 29
References
Activities
Beginning inventory
Purchase
Sales
Purchase
Purchase
Sales
Totals
Units Acquired at Cost
190 units @ $52.80 per unit
270 units @ $57.80 per unit
Units Sold at Retail
350 units @$87.80 per unit
130 units
240 units
$62.80 per unit
$64.80 per unit
830 units
220 units @$97.80 per unit
570 units
Mc
Graw
Hill
←
Problem 6-1A (Algo) Part 4
4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include 110
units from beginning inventory, 240 units from the March 5 purchase, 90 units from the March 18 purchase, and 130 units from the
March 25 purchase.
Note: Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.
Gross Margin
FIFO
LIFO
Weighted
Average
Specific ID
< Prev
12
of 16
Next >
11967
JUN
13
tv N
a
AC
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C
G Search or type URL
☆
Chec
Transcribed Image Text:Google Chrome File Edit View History Bookmarks Profiles Tabl Window Help с MInbox (270) - abi x MACC101 Principle: (4726) IFRS vs. G x M Chapter 6 Homew x M Question 14 - Chi WiConnect-Home x a M Question 12 ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252Fwe... ☆ Chapter 6 Homework Saved 0 1 Help Save & Ex 12 ! Part 4 of 4 2.51 points Required information Problem 6-1A (Algo) Perpetual: Alternative cost flows LO P1 [The following information applies to the questions displayed below.] Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date eBook March 1 March 5 Ask March 9 March 18 Print March 25 March 29 References Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals Units Acquired at Cost 190 units @ $52.80 per unit 270 units @ $57.80 per unit Units Sold at Retail 350 units @$87.80 per unit 130 units 240 units $62.80 per unit $64.80 per unit 830 units 220 units @$97.80 per unit 570 units Mc Graw Hill ← Problem 6-1A (Algo) Part 4 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include 110 units from beginning inventory, 240 units from the March 5 purchase, 90 units from the March 18 purchase, and 130 units from the March 25 purchase. Note: Round weighted average cost per unit to two decimals and final answers to nearest whole dollar. Gross Margin FIFO LIFO Weighted Average Specific ID < Prev 12 of 16 Next > 11967 JUN 13 tv N a AC → C G Search or type URL ☆ Chec
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