Required Information Problem 5-2AA (Algo) Periodic: Alternative cost flows LO P3 [The following Information applies to the questions displayed below] Wamerwoods Company uses a periodic Inventory system. It entered into the following purchases and sales transactions for March Date March 1 March 5 Activities Beginning inventory Purchase Units Acquired at Cost Units Sold at Retail 190 units $80 per unit 490 units $85 per unit March 9 Sales 510 units $115 per unit March 16 Purchase March 25 March 29 Purchase Sales 300 units 380 units @$92 per unit $90 per unit 340 units $125 per unit Totals 1,360 units 850 units For specific Identification, units sold include 50 units from beginning Inventory, 460 units from the March 5 purchase, 130 units from the March 18 purchase, and 210 units from the March 25 purchase. Problem 5-2AA (Algo) 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 decimal places and final answers to nearest whole dollar.) FIFO LIFO Weighted Average Specific Identification Sales Less Cost of goods sold Gross profit $ 0 $ 05 0 $ 0