JA Perpetual: Alternative cost flows LO P1 The following information applies to the questions displayed below.] Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sa for March Date Activities Units Acquired at Cost Mar. 1 Beginning Units Sold at Retail inventory Mar. 5 Purchase 150 units @ $52.00 per unit 250 units @ $57.00 per unit Mar. 9 Sales 310 units @ $87.00 per unit Mar. 18 Purchase 110 units @ $62.00 per unit 200 units @ $64.00 per unit Mar. 25 Purchase Mar. 29 Sales Totals 180 units $97.00 per unit 490 units 710 units blem 6-1A Part 4 ompute gross profit earned by the company for each of the four costing methods. For specific identification tad of 90 units from beginning inventory and 220 units from the March 5 purchase, the March 29 sale con Anne 95 purchase. (Round weighted average cost per unit to t unit Mar.29 Sales Totals 710 units 180 units $97.00 per unit 490 units Problem 6-1A Part 4 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale consisted of 90 units from beginning inventory and 220 units from the March 5 purchase, the March 29 sale consisted of 70 units from the March 18 purchase and 110 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.) FIFO LIFO Avg. Cost Spec.ID Gross Margin Sales Less: Cost of goods sold Gross profit of 6 Next > Prey 5 POLI