4 Part 4 of 4 Par 4 of 4 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 0.9 points Units Sold at Retail Units Acquired at Cost 190 units @ $52.80 per unit 270 units @ $57.80 per unit 350 units @ $87.80 per unit Date Activities Mar 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 130 units @ $62.80 per unit 240 units @ $64.80 per unit 220 units @ $97.80 per unit 570 units 830 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 110 units from beginning inventory and 240 units from the March 5 purchase; the March 29 sale consisted of 90 units from the March 18 purchase and 130 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.) Answer is complete but not entirely correct. FIFO LIFO Avg. Cost $ 52.246 Spec. ID 52.246 IS 52,246 $ 52.246 Gross Margin Sales Less: Cost of goods sold Gross profit 32,546 35.276 % 33.892 x 33,756 1$ 19,700$ 16,970 X 18,354 $ 18,490