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Required information Skip to question [ The following information applies to the questions displayed below. ] Warnerwoods Company uses a perpetual inventory system. It entered

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[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 Activities Units Acquired at Cost Units Sold at Retail
March 1 Beginning inventory 190 units @ $52.80 per unit
March 5 Purchase 270 units @ $57.80 per unit
March 9 Sales 350 units @ $87.80 per unit
March 18 Purchase 130 units @ $62.80 per unit
March 25 Purchase 240 units @ $64.80 per unit
March 29 Sales 220 units @ $97.80 per unit
Totals 830 units 570 units
4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include 110 units from beginning inventory, 240 units from the March 5 purchase, 90 units from the March 18 purchase, and 130 units from the March 25 purchase.
Note: Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.

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