! 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 Date March 1 March 5 Beginning inventory Purchase March 9 Sales March 18 March 25 March 29 Purchase Purchase Sales Totals Units Acquired at Cost 190 units @ $52.80 per unit 270 units @$57.80 per unit Units Sold at Retail 350 units @ $87.80 per unit 130 units @ $62.80 per unit 240 units @ $64.80 per unit 830 units 220 units @ $97.80 per unit 570 units 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include 110 units from beginning inventory, 240 units from the March 5 purchase, 90 units from the March 18 purchase, and 130 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.) Answer is not complete. Gross Margin FIFO LIFO Weighted Average Specific ID Sales $ Less: Cost of goods 66,632 $ 66,632 $ 66,632 32,546 $ 66,632 34,086 33,185 sold Gross profit $ 34,086 $ 32,546 $ 33,447 0