Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date March 1 March 5 March 9 March 18 March 25 March 29 Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals Units Acquired at Cost @ $54.00 per unit @ $59.00 per unit 250 units 300 units 160 units @ $64.00 per unit 300 units @ $66.00 per unit 1,010 units Units Sold at Retail 410 units @ $89.00 per unit 280 units @ $99.00 per unit 690 units 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include 140 units from beginning inventory, 270 units from the March 5 purchase, 120 units from the March 18 purchase, and 160 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.)

A company reports the following beginning inventory and 2 purchases for the month of January. On January 26, the company sells 350 units. Ending inventory at January 31 totals 150 units     Units Unit Cost Beginning Inventory 320 units $10.00 Purchases on January 9 80 5.20 Purchases on January 25 100 5.54   Required Assume the perpetual inventory system is used. Determine the costs assigned to the ending inventory when costs are assigned based on: The LIFO Method

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 Activities Units Acquired at Cost Units Sold at Retail   Mar. 1   Beginning inventory   190 units @ $52.80 per unit           Mar. 5   Purchase   270 units @ $57.80 per unit           Mar. 9   Sales           350 units @ $87.80 per unit   Mar. 18   Purchase   130 units @ $62.80 per unit           Mar. 25   Purchase   240 units @ $64.80 per unit           Mar. 29   Sales           220 units @ $97.80 per unit         Totals   830 units     570 units       Compute cost of goods available for sale and the number of units available for sale.

Hemming Company reported the following current-year purchases and sales for its only product. Date January 1 January 10 Activities Beginning inventory Sales Units Acquired at Cost @ $10.20 = March 14 Purchase @ $15.20 = March 15 Sales July 30 Purchase @ $20.20 = Sales Purchase Totals October 5 October 26 Required: Hemming uses a perpetual inventory system. 205 units 300 units 400 units 105 units 1,010 units @ $25.20 $ 2,091 4,560 8,080 2,646 $ 17,377 1. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. 2. Determine the costs assigned to ending inventory and to cost of goods sold using LIFO. 3. Compute the gross profit for FIFO method and LIFO method. Units Sold at Retail 160 units 250 units 375 units 785 units @ $40.20 @ $40.20 @ $40.20

Grays Company has the following purchases and sales during the month of August. Using the FIFO perpetual inventory method, what amount will be reported as cost of goods sold for the 12 units that were sold? Activities Date August 1 August 3 August 6 Beginning inventory Purchase. Sales Multiple Choice $570 $568 $604 $620. $520 Units Acquired at Cost 10 units @ $50= $500 20 units @ $52 = $1,040 Units Sold at Retail 12 units sold

CAISCO Sales Inc. had a beginning inventory of May comprising of 700 units that had a cost of $80/unit. A summary of purchases and sales during the month of May are as follows: Date May 2 May 6 May 10 May 19 May 23 May 30 Units Unit Cost Purchased Units sold $83 $85 $88 Multiple Choice $102,700 $105,600 1,200 $99,600 800 Assume that CAISCO Sales Inc. uses a periodic inventory system. What is the value of ending inventory using FIFO? $97,500 300 400 900 500 None of the other alternatives are correct

Can i please get help with this question?   7.4 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 1 Beginning inventory 90 units @ $50.80 per unit       March 5 Purchase 220 units @ $55.80 per unit       March 9 Sales       250 units @ $85.80 per unit March 18 Purchase 80 units @ $60.80 per unit       March 25 Purchase 140 units @ $62.80 per unit       March 29 Sales       120 units @ $95.80 per unit   Totals 530 units   370 units       3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, units sold include 60 units from beginning inventory, 190 units from the March 5 purchase, 40 units from the March 18 purchase, and 80 units from the March 25 purchase.

Bridgeport Inc. uses a perpetual inventory system. Its records show the following for the month of May. Date May May May May 1 Inventory Purchase 15 18 Unit Explanation Units Cost 24 Sale Purchase Total -29 26 (42 ) 40 53 $10 11 12 Total Cost $290 286 480 $1,056

[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. Units Sold at Retail Units Acquired at Cost 80 units @ $50.60 per unit 215 units @ $55.60 per unit Date Activities March 1 Beginning inventory Purchase Sales March 5 240 units @ $85.60 per unit March 9 March 18 Purchase Purchase 75 units @ s60.60 per unit |130 units @ S62.60 per unit March 25 March 29 Sales 110 units @ S95.60 per unit Totals 500 units 350 units Ces Problem 5-1A (Algo) Part 2 2. Compute the number of units in ending inventory. Ending inventory units

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