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+ Required information The following information applies to the questions displayed below.) Warnerwoods Company uses a periodic inventory system. It entered into the following purchases

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+ Required information The following information applies to the questions displayed below.) Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March of 4 Unita Sold at Retail Date Activities Mar. 1 Beginning inventory Mar. 5. Purchase Mar. Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 les Total Unit Required at Coat 100 units $50 per unit 400 units $55 per unit 120 units $60 per unit 200 units 362 per unit 50:06 420 units 985 per unit ped 820 unit 160 units $95 per it 580 units For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 340 units from the March 5 purchase the March 29 sale consisted of 40 units from the March 18 purchase and 120 units from the March 25 purchase ances 4. Compute gross profit earned by the company for each of the four costing methods. (Round your average cost per unit to 2 decimal places and final answers to nearest whole dollar.) FIFO LIFO Weighted Average Specific Identification Sales Less: Cost of goods sold Gross profit S 0.00 $ 0.00 5 0.00 $ 0.00

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