7 Required information Problem 5-1A 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 Part 4 of 4 for March. points ActivitiesUnits Acquired at Cost Units Sold at Retail Date Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales 80 units$58.60 per unit 215 units $55.60 per unit eBook 240 units $85.60 per unit Print 75 units $68.60 per unit 130 units $62.60 per unit References 110 unitse $95.60 per unit 350 units Totals 500 units Problem 5-1A Part 4 4. Compute gross profit earned by the company for each of the four costing methods. For speclfic Identification, the March 9 sale consisted of 55 units from beginning inventory and 185 units from the March 5 purchase; the March 29 sale consisted of 35 units from the March 18 purchase and 75 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.) 7 Problem 5-1A Part 4 Part 4 of 44. Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale Tcosisted of 55 units from beginning inventory and 185 units from the March 5 purchase, the March 29 sale consisted of 35 units from the March 18 purchase and 75 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.) 4 points Gross Margin.FIFO LIFO Avg Cost Spec. 1D Spec. ID eBook Print References Sales Less: Cost of goods sold Gross profit