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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 purchases and

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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 purchases and sales transactions for March Unita Sold at Retail Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals Units Acquired at Cost 190 unitse $52.80 per unit 270 unitse $57.80 per unit 130 units e $62.80 per unit 240 unitse $64.80 per unit 350 units $87.80 per unit 330 units 220 units 697.80 per unit 570 units 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale consisted of 110 units from beginning Inventory and 240 units from the March 5 purchase the March 29 sale consisted of 90 units from the March 18 purchase and 130 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 Specific Identification Gross Margin Sales Less: Cost of goods sold Gross profit

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