Required information Problem 5-1A (Algo) Periodic: Alternative cost flows LO P1 [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 Date March 1 March 5 Activities Beginning inventory Purchase Units Acquired at Cost 170 units $60 per unit 470 units $65 per unit March 9 Sales 490 units 595 per unit March 18 March 25 March 29 Purchase Purchase Sales Totals 260 units 340 units 1,240 units $70 per unit $72 per unit 300 units @ $105 per unit 790 units For specific identification, the March 9 sale consisted of 90 units from beginning inventory and 400 units from the March 5 purchase, the March 29 sale consisted of 110 units from the March 18 purchase and 190 units from the March 25 purchase Problem 5-1A (Algo) Part 4 4. Compute gross profit earned by the company for each of the four costing methods. Note: Round your average cost per unit to 2 decimal places and final answers to nearest whole dollar. 4 Weighted Specific eBook Print Totals 1,240 units 790 units For specific identification, the March 9 sale consisted of 90 units from beginning inventory and 400 units from the Marc purchase; the March 29 sale consisted of 110 units from the March 18 purchase and 190 units from the March 25 purcha References Problem 5-1A (Algo) Part 4 4. Compute gross profit earned by the company for each of the four costing methods. Note: Round your average cost per unit to 2 decimal places and final answers to nearest whole dollar. FIFO LIFO Weighted Average Specific Identification Sales Less: Cost of goods sold Gross profit $ 0 S 0 $ 0 $ 0