9 Part 4 Required information Problem 5-1A Perpetual: Alternative cost flows LO P1 The following information applies to the questions displayed below) 0.25 points Wernerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Units sold at Retail Units Acquired at Cost 248 units # $53.50 per unit 295 units 358,80 per unit look Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar 25 Purchase Mar 29 Sales Totals 400 units @ $88.se per unit 155 units $63.60 per unit 290 units $65.50 per unit 988 units 270 units@ 98.80 per unit 670 units Problem 5-1A Part 4 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale consisted of 135 units from beginning inventory and 265 units from the March 5 purchase: the March 29 sale consisted of 115 units from the March 18 purchase and 155 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.) FIFO 62,100 $ 5 Geoss Margie Sales Less Cost of goods sold Gross profit LIFO Avg. Cost Spec.ID 62,196 $ 62.190$ 62,196 1