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

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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.
\table[[Date,Activities,Units,Acquired at Cost,Units Sold at Retail],[March 1,Beginning inventory,170 units,(a) $52.40 per unit,],[March 5,Purchase,260 units,a $57.40 per unit,],[March 9,Sales,,,330 units @ $87.40 per unit],[March 18,Purchase,120 units,a $62.40 per unit,],[March 25,Purchase,220 units,a $64.40 per unit,],[March 29,Sales,,,200 units @ $97.40 per unit],[Totals,770 units,,530 units]]
Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include 100 units from beginning inventory, 230 units from the March 5 purchase, 80 units from the March 18 purchase, and 120 units from the March 25 purchase.
Note: Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.
\table[[Gross Margin,FIFO,LIFO,\table[[Weighted],[Average]],Specific ID],[Sales,,,,],[Less: Cost of goods sold,,,,],[Gross profit,,,,]]
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