Chapter 5 Problem Saved 4 Part 4 of 4 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 Date Activities Units Acquired at Cost Vers Sold at Metall March 1 Beginning inventory 100 units 9 558 per unit March 5 Purchase 400 units 555 per unit March 9 Sales 420 units 585 per unit Purchase 120 units 568 per unit March 25 Purchase 200 units 562 per unit March 29 Sales 160 units 595 per unit Totals 820 units 580 units 10 points March 12 BOOM 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification units sold include 80 units from beginning inventory, 340 units from the March 5 purchase 40 units from the March 18 purchase, and 120 units from the March 25 purchase. (Round weighted average cost per unit to 2 decimal places.) Pri References FIFO LIFO Weighted Average Specifio ID Gross Margin Sales Less Cost of goods sold Grow profit