Social Studies, 07.10.2021 02:10 daphnevlogs11
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and 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 Activities Units Acquired at Cost Units Sold at Retail or Begin to Das 100 units a $50.00 ouro 400 units 55.00 per 420 $2500 per unit TAR 120 units $60 ron 200 units 992 1998 ser unit 820 units Check sets Racutros 1. Compare cost of goods salable in sale and the number of unevaidla fossado 2. Compare the manner anis ir ending inventory. 3. Compute the cost assigned to ending inventory using an oughted average, and (a) speutic identication (Roussillancounts to cents. 4. Compute gross profit earned by the company for each of the four cose methods in part 3. Problem 6-2A Periodic: Alternative cost flows Refer to the information in Problem 6-1A and assume the periodic inventory system is used. Required 1. Compute cost of goods available for sale and the number of units available for sale. 2. Compute the number of units in ending inventory. 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO. (c) weighted average, and (d) specific identification. (Round all amounts to cents.) 4. Compute gross profit earned by the company for each of the four costing methods in part 3.
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Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and b...
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