connect.html Connect ent Saved Help Sa Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Date Mar. 1 Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar.25 Purchase Mar. 29 Sales Activities Beginning inventory Units Acquired at Cost Units Sold at Retail 100 units $51.00 per unit 225 units $56.00 per unit 260 units $86.00 per unit per 85 units $61.00 unit 150 units $63.00 150 units unit $63.00 per 130 units $96.00 per 390 units unit Totals 560 units Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale nsisted of 65 units from beginning inventory and 195 units from the March 5 purchase; the March 29 sale consisted of 45 units from March 18 purchase and 85 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and finel swers to nearest whole dollar.) Prev 15 of 19 Next