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 160 units @ $52.20 per unit 255 units @ $57.28 per unit 115 units @ $62.20 per unit 210 units @ $64.28 per unit 320 units @ $87.20 per unit 190 units @ $97.28 per unit 518 units 740 units 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include 95 units from beginning inventory, 225 units from the March 5 purchase, 75 units from the March 18 purchase, and 115 units from the March 25 purchase. (Round welghted average cost per unit to two decimals and final answers to nearest whole doller.) Gross Margin Sales Losa: Cost of goods sold Gross profit Answer is complete but not entirely correct. FIFO LIFO Welghted Specific ID Average 46,372s 46,372 $ 46,372 46,372 28,847 625,925 x 1,759,175 29,877 17.525-570.5535-1,712,809 $ 16,495 Is