05 Merchandise Inventory i Saved You skipped this question in the previous attempt. Problem 5-1A (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 March 1 March 5 Activities Beginning inventory Purchase Sales Purchase March 9 March 18 March 25 Purchase March 29 Sales Totals Units Acquired at Cost 130 units @ $51.60 per unit 240 units @ $56.60 per unit Units Sold at Retail 290 units @ $86.60 per unit 100 units 180 units @ $61.60 per unit @$63.60 per unit 650 units 160 units @ $96.60 per unit 450 units es Problem 5-1A (Algo) Part 4 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include 80 units from beginning inventory, 210 units from the March 5 purchase, 60 units from the March 18 purchase, and 100 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 Sales Less: Cost of goods sold Gross profit