Problem 5-2AA Periodic: Alternative cost flows LO P3 [The following information applies to the questions displayed below) Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March Units Sold at Retail Units Acquired at Cost 115 units@ $50 per unit 415 units @ $55 per unit 435 units@ $85 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 150 units@ $60 per unit 2.30 units@ $62 per unit 190 units@ $95 per unit 625 units 910 units For specific identification, the March 9 sale consisted of 50 units from beginning inventory and 385 units from the March 5 purchase, the March 29 sale consisted of 55 units from the March 18 purchase and 135 units from the March 25 purchase Problem 5-2AA Part 4 4. Compute gross profit earned by the company for each of the four costing methods (Round your average cost per unit to 2 decim places and final answers to nearest whole dollar) FIFO LIFO Weighted Average Specific Identification Sales Less Cost of goods sold Gross profit $ 0 $ S OS