! 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 Activities 1 Beginning inventory Units Acquired at Cost 70 units $50.40 per unit 210 units $55.40 per unit Units Sold at Retail Date Mar Mar 5 Purchase 230 units $85.40 per unit 9 Sales Mar Mar 18 Purchase Mar 25 Purchase Mar 29 Sales 70 units $60.40 per unit 120 units $62.40 per unit 100 units $95.40 per unit 470 units 330 units Totals 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale consisted of 50 units from beginning inventory and 180 units from the March 5 purchase; the March 29 sale consisted of 30 units from the March 18 purchase and 70 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.) Answer is complete but not entirely correct. Gross Margin Avg. Cost Spec. ID FIFO LIFO $ 29,182 $ Sales 29,182 29,182 $ 29,182 Less: Cost of goods sold 18,882 18,182 18,464 14,304 11,000 $ 10,300 $ 14,878( Gross profit $ 10,718