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. Date Activities March 1 March S Beginning inventory Purchase March 9 Sales March 18 March 25 March 29 Purchase Purchase Sales Units Acquired at Cost 110 units @$51.20 per unit 230 units @ $56.20 per unit 90 units $61.20 per unit 160 units @$63.20 per unit Units Sold at Retail 270 units @ $86.20 per unit 140 units @$96.20 per unit Totals 590 units 410 units 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include 70 units from beginning inventory, 200 units from the March 5 purchase, 50 units from the March 18 purchase, and 90 units from the March 25 purchase. Note: Round weighted average cost per unit to two decimals and final answers to nearest whole dollar. Gross Margin FIFO LIFO Weighted Average Specific ID Sales Less: Cost of goods sold Gross profit Required information [The following information applies to the questions displayed below.) Wamerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March. Date Activities March 1 March 5 Beginning inventory Purchase Units Acquired at Cost 150 units @ $40 per unit Units Sold at Retail 450 units March 9 Sales March 18 Purchase March 25 Purchase 220 units 300 units $45 per unit @$50 per unit $52 per unit 470 units $75 per unit March 29 Sales Totals 1,120 units 260 units @ $85 per unit 730 units For specific identification, units sold include 40 units from beginning inventory, 430 units from the March 5 purchase, 90 units from the March 18 purchase, and 170 units from the March 25 purchase. Required: 1. Compute cost of goods available for sale and the number of units available for sale. Beginning inventory Purchases: March 5 March 18 March 25 Total Cost of Goods Available for Sale # of Units Cost per Cost of Goods Available for Sale Unit