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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

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.
4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include units from beginning inventory, 175 units from the March 5 purchase, 25 units from the March 18 purchase, and 65 units from the M25 purchase.
Note: Round welghted everege cost per unit to two decimals and final answers to nearest whole dollar.
\table[[Gross Margin,,FIFO,,LIFO,,\table[[eighted],[verage]],Specific 10],[Sales,3,27,312,5,27,312,5,27,312,27,312],[\table[[Less: Cost of goods],[sold]],,17,0372,,17,817x,,17.2910,17.487.008],[Gross profit,8,10.275(x),s,9.4956,3,10,021%,9.845s
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