13 4of4 Required information [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. Bock Date Activities Mar. 1 Beginning inventory 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Print 0 rences Totals Units Acquired at Cost 100 units $50 per unit 400 units $55 per unit 120 units $60 per unit 200 units $62 per unit Units Sold at Retail 420 units $85 per unit 820 units 160 units $95 per unit 580 units 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale consisted of 80 units from 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. (Round weighted average cost per unit to 2 decimal places.) Gross Margin Sales Less: Cost of goods sold Gross proft FIFO LIFO Avg. Cost Spec. ID