Chapter 05 Help 8. Required information 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 Part 4 of 4 Units sold at Retail 6.25 points Units Aequired at coat 125 unitat $60 per unit 425 units 365 per unit Date Activities Har. 1 Beginning inventory Mar. 5 Purchase Mar. Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totale 445 units! $95 per unit 170 unita 570 per unit 250 units $72 per unit eBook 970 units 210 unitse $105 per unit 655 units Print References For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 365 units from the March 5 purchase; the March 29 sale consisted of 65 units from the March 18 purchase and 145 units from the March 25 purchase. 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 $ 0 $ 0 $ 0$ 0