Problem 5-1A 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 sales transactions for March Date Activities Units Acquired at Coat Units sold at Retail Mar. 1. Beginning inventory 200 unitse $53.00 per unit Mar. 5 Purchase 275 units @ $58.00 per unit 9 Sales 360 units e $80.00 per unit Mar. 18 Purchase 135 units $63.00 per unit Mar. 25 Purchase 250 units @ $65.00 per unit Mar. 29 Sales 230 units $98.00 per unit Totals 860 units 590 units Mar. 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale consisted of 115 units from beginning inventory and 245 units from the March 5 purchase the March 29 sale consisted of 95 units from the March 18 purchase and 135 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