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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.
\table[[\table[[Date,],[March,1],[March,5],[March,9],[March,18],[March,25],[March,29]],\table[[Activities],[Beginnivent]],Units A,Acquired at cost,Units Sold at Retail],[\table[[Beginning inventory],[Purchase]],230 units,a $53.60 per unit,390 units @ $88.60 per unit],[Sales,290 units,a $58.60 per unit],[Purchase,150 units,c $63.60 per unit],[\table[[Purchase],[Sales]],280 units,@ $65.60 per unit],[\table[[Totals]],950 units,,260units650units@$98.60 per unit]]
Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include 130 units from beginning inventory, 260 units from the March 5 purchase, 110 units from the March 18 purchase, and 150 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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