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

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[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 110 units @ $45 per unit
March 5 Purchase 410 units @ $50 per unit
March 9 Sales 430 units @ $80 per unit
March 18 Purchase 140 units @ $55 per unit
March 25 Purchase 220 units @ $57 per unit
March 29 Sales 180 units @ $90 per unit
Totals 880 units 610 units

For specific identification, units sold include 60 units from beginning inventory, 370 units from the March 5 purchase, 50 units from the March 18 purchase, and 130 units from the March 25 purchase.

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.)

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