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For specific identification, units sold include 4 0 units from beginning inventory, 4 6 5 units from the March 5 purchase, 1 2 5 units

For specific identification, units sold include 40 units from beginning inventory, 465 units from the March 5 purchase, 125
units from the March 18 purchase, and 205 units from the March 25 purchase.
Problem 6-2AA (Algo) Part 4
Compute gross profit earned by the company for each of the four costing methods.
Note: Round your average cost per unit to 2 decimal places and final answers to nearest whole dollar.Date Activities Units Acquired at Cost Units Sold at Retail
March 1 Beginning inventory 185 units @ $75 per unit
March 5 Purchase 485 units @ $80 per unit
March 9 Sales 505 units @ $110 per unit
March 18 Purchase 290 units @ $85 per unit
March 25 Purchase 370 units @ $87 per unit
March 29 Sales 330 units @ $120 per unit
Totals 1,330 units 835 units
For specific identification, units sold include 40 units from beginning inventory, 465 units from the March 5 purchase, 125 units from the March 18 purchase, and 205 units from the March 25 purchase. Compute gross profit earned by the company for each of the four costing methods.
Note: Round your average cost per unit to 2 decimal places and final answers to nearest whole dollar.
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