IUI Ividl CII. Units Sold at Retail Units Acquired at Cost 100 units @ $62.00 per unit 400 units @ $67.00 per unit 420 units @ $97.00 per unit Date Activities Mar 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 120 units @ $72.00 per unit 200 units @ $74.00 per unit 160 units @ $107.00 per unit 580 units 820 units 4. Compute gross profit earned by the company for each of the four costing methods. 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. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.) X Answer is not complete. FIFO LIFO Avg. Cost Spec. ID $ 27,312 $ 27,312 X $ 27,312 $ 27,312 Gross Margin Sales Less: Cost of goods sold Gross profit 39,500 X