EUR Problem 5-1A (Static) Periodic: Alternative cost flows LO P1 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 Salaatti Date Activities Mar. 1 Beginning inventory Mar Purchase Mar 9 Sales Mar 18 Purchase Mar 25 Purchase Mar. 29 Sales Totals Units Acquired at Cost 100 units@ $50 per unit 400 units 555 per unit 120 units@ $60 per unit 200 units @ $62 per unit 420 units $85 per unit 160 units 595 per unit 580 units B20 units For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 340 units from the March 5 purchase the March 29 sale consisted of 40 units from the March 18 purchase and 120 units from the March 25 purchase Problem 5-1A (Static) Part 4 4. Compute gross profit earned by the company for each of the four costing methods. (Round your average cost per unit to 2 dec places and final answers to nearest whole dollar) Problem 5-1A (Static) Part 4 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