of 4 Required information [The following information applies to the questions displayed below] Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date March 1 March 5 Activities Beginning inventory Purchase March 9 Sales March 18 ook March 25 March 29 Purchase Purchase Sales Totals Units Acquired at Cost 210 units @$53.20 per unit 280 units $58.20 per unit 140 units @ $63.20 per unit 260 units $65.20 per unit 890 units Units Sold at Retail 370 units @ $88.20 per unit 240 units @ $98.20 per unit 610 units rences 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale consisted of 120 units from beginning inventory and 250 units from the March 5 purchase, the March 29 sale consisted of 100 units from the March 18 purchase and 140 units from the March 25 purchase. Note: Round weighted average cost per unit to two decimals and final answers to nearest whole dollar. Gross Margin Sales Less: Cost of goods sold Gross profit FIFO LIFO Average Cost Specific ID