! Required Information Problem 6-2AA (Algo) 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 Date Activities Units Acquired at Cost Units sold at Retail March 1 Beginning inventory 115 units @ $50 per unit Purchase 415 units @ $55 per unit March 9 Sales 435 units @ $85 per unit March 18 Purchase 150 units @ $68 per unit March 25 Purchase 230 units @ $62 per unit March 29 Sales 190 units @ $95 per unit Totals 910 units 625 units March 5 For specific identification, units sold include 50 units from beginning inventory. 385 units from the March 5 purchase. 55 units from the March 18 purchase, and 135 units from the March 25 purchase. Problem 6-2AA (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