6-2AA Periodic: Alternative cost flows LO P3 [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. Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Units Acquired at Cost 190 units @ $80 per unit 490 units @ $85 per unit Units Sold at Retail 510 units @ $115 per unit Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales 300 units @ $90 per unit 380 units @ $92 per unit Totals 1,360 units 340 units @ $125 per unit 850 units For specific identification, the March 9 sale consisted of 50 units from beginning inventory and 460 units from the March 5 purchase, the March 29 sale consisted of 130 units from the March 18 purchase and 210 units from the March 25 purchase. Problem 6-2AA Part 4 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 LIFO Weighted Average Specific Identification Sales Less Cost of goods sold Gross profit S 0 $ 0 S 05 0