# Please Help it is a 4 part question and i am lost on it. Chapter 05...

###### Question:

Please Help it is a 4 part question and i am lost on it.

Chapter 05 Homework i Saved Required information [The following information applies to the questions displayed below.] Part 1 of 4 Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March points Units Sold at Retail Units Acquired at Cost 145 units @ $80 per unit 445 [email protected]$85 per unit 465 units @ $115 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals eBook 210 [email protected]$90 per unit 290 units @ $92 per unit 250 units @$125 per unit 715 units 1,090 units Print For specific identification, the March 9 sale consisted of 90 units from beginning inventory and 375 units from the March 5 purchase, the March 29 sale consisted of 85 units from the March 18 purchase and 165 units from the March 25 purchase. References Required: 1. Compute cost of goods available for sale and the number of units available for sale Cost of Goods Available for Sale  of Units Cost per cost of Goods Available Unit for Sale Beginning inventory Purchases: March 5 March 18 March 25 Total
Chapter 05 Homework i Saved Required information [The following information applies to the questions displayed below.) Part 2 of 4 Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March points Units Sold at Retail Units Acquired at Cost 145 units @ $80 per unit 445 units @$85 per unit 465 [email protected] $115 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals eBook 210 units @$90 per unit 290 units @ $92 per unit 250 units @$125 per unit 715 units 1,090 units Print For specific identification, the March 9 sale consisted of 90 units from beginning inventory and 375 units from the March 5 purchase; the March 29 sale consisted of 85 units from the March 18 purchase and 165 units from the March 25 purchase. References 2. Compute the number of units in ending inventory. Ending inventory units
Chapter 05 Homework Saved Required information The following information applies to the questions displayed below.] Part 3 of 4 Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March points Units Sold at Retail Units Acquired at Cost 145 units @ $80 per unit 445 [email protected]$85 per unit 465 units @ $115 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals eBook 210 units @$90 per unit 290 units @ $92 per unit 250 units @$125 per unit 715 units 1,090 units Print For specific identification, the March 9 sale consisted of 90 units from beginning inventory and 375 units from the March 5 purchase, the March 29 sale consisted of 85 units from the March 18 purchase and 165 units from the March 25 purchase. References 3. Compute the cost assigned to ending inventory using (a) FIFO, (6) LIFO, (C) weighted average, and (d) specific identification. Complete this question by entering your answers in the tabs below. Periodic FIFO Periodic LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO. a) Periodic FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory  of units Cost per unit Cost of Goods Available for Sale  of units sold Cost per unit Cost of Goods Sold  of units in ending inventory Cost per unit Ending Inventory $0.00$ $0.00$ 0 Beginning inventory Purchases: March 5 March 18 March 25 Total  0.00 0.00  $0.00 0.00 0.00 0 Periodic FIFO Periodic LIFO > Periodic FIFO Periodic LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using LIFO. b) Periodic LIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Cost per  of units Goods unit Available for Sale  of units sold Ending Cost per unit Cost of Goods Sold Cost per  of units in ending inventory Inventory Beginning inventory Purchases: March 5 March 18 March 25 Total < Periodic FIFO Weighted Average > Periodic FIFO Periodic LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places.) c) Average Cost Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Average Goods  of units Cost per Available unit for Sale Average  of units sold Ending Average Cost per Unit Cost of Goods Sold  of units in ending inventory Cost per Inventory unit Beginning inventory Purchases: March 5 March 18 March 25 Total$ 0 $0 < Periodic LIFO Specific ld > We were unable to transcribe this image Chapter 05 Homework i Saved Required information Part 4 of 4 The following information applies to the questions displayed below.] Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March points Units Sold at Retail Units Acquired at Cost 145 units @$80 per unit 445 units @ $85 per unit 465 units @$115 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals eBook 210 [email protected] $90 per unit 290 units @$92 per unit 250 units @ $125 per unit 715 units 1,090 units Print For specific identification, the March 9 sale consisted of 90 units from beginning inventory and 375 units from the March 5 purchase, the March 29 sale consisted of 85 units from the March 18 purchase and 165 units from the March 25 purchase. References 4. Compute gross profit earned by the company for each of the four costing methods. (Round your average cost per unit to 2 decimal places and final answers to nearest whole dollar.) FIFO L IFO Weighted Average Specific Identification Sales Less: Cost of goods sold Gross profit 0$ 0 $0$

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