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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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Required information
[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,60 units @ $50.20 per unit,],[March 5,Purchase,@ $55.20 per unit,],[March 9,Sales,,220 units @ $85.20 per unit],[March 18,Purchase,@ $60.20 per unit,],[March 25,Purchase,@ $62.20 per unit,],[March 29,Sales,,90 units@$95.20 per unit],[Totals,440 units,310 units]]
Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include 45 units from beginning inventory, 175 units from the March 5 purchase, 25 units from the March 18 purchase, and 65 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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