! Required Information Problem 5-1A (Algo) 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 March 1 March 5 March 9 March 18 Activities Beginning inventory Purchase Sales Purchase March 25 Purchase March 29 Sales Totals Units Acquired at Cost 90 units @ $50.80 per unit 220 units Units Sold at Retail @ $55.80 per unit 80 units @ $60.80 per unit 140 units @ $62.80 per unit 250 units @ $85.80 per unit 530 units 120 units @ $95.80 per unit 370 units Problem 5-1A (Algo) Part 4 4. Compute gross profit earned by the company for each of the four costing methods. For specific Identification, units sold include 60 units from beginning inventory, 190 units from the March 5 purchase, 40 units from the March 18 purchase, and 80 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 FIFO LIFO Weighted Average Specific ID Sales Less: Cost of goods sold Gross profit