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 Units Sold at Retail Units Acquired at Cost 170 units @ $60 per unit 470 units @ $65 per unit 490 units @ $95 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 260 units @ $70 per unit 340 units @ $72 per unit 300 units @ $105 per unit 790 units 1,240 units For specific identification, the March 9 sale consisted of 90 units from beginning inventory and 400 units from the March 5 purchase, the March 29 sale consisted of 110 units from the March 18 purchase and 190 units from the March 25 purchase. Required: 1. Compute cost of goods available for sale and the number of units available for sale. Cost of Goods Available for Sale # of limits Cost per Cost of Goods Available Unit for Sale 120 $ 1.40 $ 168 Beginning inventory Purchases: March 5 March 18 March 25 Total 120 $ 168 2. Compute the number of units in ending inventory. Ending inventory units 4. Compute gross profit earned by the company for each of the four costing methods. (Round your average cost per unit to 2 decimal places and final answers to nearest whole dollar.) FIFO LIFO Weighted Average Specific Identification Sales Less: Cost of goods sold Gross profit