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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]],Activities,Units,\table[[cquired at Cost],[$50.20 per unit]],Units Sold at Retail],[\table[[March 1],[March 5]],\table[[Beginning inventory],[Purchase]],\table[[60 units],[205 units]],$55.20 per unit,],[\table[[March 9],[March 18]],Sales.,,,220 units & $85.20 per unit],[\table[[March 18],[March 25]],Purchase,65 units,(c)50.20 per unit,],[\table[[March 25],[March 29]],\table[[Purchase],[Sales]],110 units,c $62.20 per unit,90 units @$95.20 per unit],[,Totals,440 units,,310 units]]
Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include 45 units from beginning inventory, 175 units from the March 5 purchase, 25 units from the March 18 purchase, and 65 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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