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 Units Sold at Retail Date March 1 March 5 March 9 March 18 March 25 March 29 Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals Units acquired at Cost 100 units $51.00 per unit 225 units @ $56.00 per unit 85 units $61.00 per unit 150 units $63.00 per unit 260 units e $86.00 per unit 130 units e $96.00 per unit 390 units 560 units 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include 65 units from beginning inventory, 195 units from the March 5 purchase, 45 units from the March 18 purchase, and 85 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.) FIFO LIFO Weighted Average Sopific ID Gross Margin Sales Loss: Cont of goods sold Gross profit Required: 1. Compute cost of goods available for sale and the number of units available for sale. Cost of Goods Available for Sale Cost of Goods Available # of units Unit for Sale Cost per Beginning inventory Purchases: March 5 March 18 March 25 Total 2. Compute the number of units in ending inventory. Ending inventory units 3. Compute the cost assigned to ending Inventory using (a) FIFO.(D) LIFO. () weighted average, and (a specific identification. For specific identification, units sold include 65 units from beginning inventory, 195 units from the March 5 purchase, 45 units from the March 18 purchase, and 85 units from the March 25 purchase. Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific ta Compute the cost assigned to ending inventory using FIFO. Goods Purchased Perpetual FIFO Cost of Goods Sold Cost per Cost of Goods Sold unit Date Cost per # of units # of units sold Inventory Balance Cost per Inventory # of units unit Balance 100 at $51.00 - $ 5,100.00 unit March 1 March 5 Total March 5 March 9 Total March 9 March 18