Assessment Saved 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. Activities Date Units Acquired at Cost 230 units $53.60 per unit 290 units @ $58.60 per unit Units Sold at Retail Mar. 1 Beginning inventory 5 Purchase 9 Sales Mar. Mar- Mar. 18 Purchase Mar. 25 Purchase 390 units $88.60 per unit 150 units@ $63.60 per unit 280 units@ $65.60 per unit Mar. 29 Sales 260 units@ $98.60 per unit Totals 950 units 650 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 130 units from beginning inventory and 260 units from the March 5 purchase; the March 29 sale consisted of 110 units from the March 18 purchase and 150 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.) Spec. ID Avg. Cost LIFO FIFO Gross Margin Sales Less: Cost of goods sold Gross profit Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO. (Round your average cost per unit to 2 decimal places.) Perpetual EIFO: Goods Purchased # of units Cost of Goods Sold Inventory Balance Cost per unit # of units sold Cost per Cost of Goods Sold unit Date Cost per unit Inventory Balance # of units Jan 1 600 $35.00 $ 21,000 00 Feb 10 Mar 13 Mar 15 Aug 21 Sept 5 Sept 10 Totals PernetualI IEO Weighted Average Perpetual FIFO Perpetual LIFO Specific Id Compute the cost assigned to ending inventory using LIFO. (Round your average cost per unit to 2 decimal places.) Perpetual LIFO: Goods Purchased Cost of Goods Sold Inventory Balance Cost per # of units # of units Cost per Cost of Goods Sold unit Cost per Inventory Balance Date # of units unit sold unit Jan 1 600 S 21,000.00 $ 35.00 Feb 10 Mar 13 Mar 15 Aug 21 Sept 5 Sept 10 Totals Weighted Average Perpetual FIF0 essment1 Saved Weighted Average Perpetual FIFO Perpetual LIFO Specific Id Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places.) Weighted Average Perpetual: Goods Purchased Cost per Cost of Goods Sold Inventory Balance # of units sold #of units Cost per Cost of Goods Sold Cost per unit Inventory Balance Date # of units unit unit Jan 1 600 e $35.00 $21,000.00 Feb 10 Average Mar 13 Mar 15 Aug 21 Average Sept 5 Sept 10 Totals Specific Id>