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 Date Activities Units Acquired at Cost Units Sold at Retail Mar. 1 Beginning inventory 100 units @ $50.00 per unit Mar 5 Purchase 400 units @ $55.00 per unit Mar. 9 Sales 428 units 585.00 per unit Mar. 18 Purchase 120 units@ $60.00 per unit Mar. 25 Purchase 200 units@ 62.00 per unit Mar. 29 Sales 160 units 595.00 per unit Totals 820 units 589 units For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 340 units from the Morch 5 purchase, the March 29 sole consisted of 40 units from the March 18 purchase and 120 units from the March 25 purchase 4. Compute gross profit earned by the company for each of the four costing methods. (Round your average cost per unit to 2 decimo places and final answers to nearest whole dollar.) FIFO s Sales Less Cost of goods sold Gross profit 50.900 s 31,800 19,100 S Weighted LIFO Specific Average Identification 50,900 $ 50,900 $ 50,900 32.920 17,9805 50,900 $ 50,900 $