S [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 March 1 March 5 March 9 March 18 March 25 March 29 Gross Margin Activities Sales Less: Cost of goods sold Gross profit Beginning inventory Purchase Sales Purchase Purchase Sales Totals $ $ FIFO Units Acquired at Cost @ $50 per unit @ $55 per unit 50,900 $ 31,800 19,100 $ 100 units 400 units 120 units 200 units 820 units 4. Compute gross profit earned by the company for each of the four costing methods. For spectic identification, units sold include 80 units from beginning inventory, 340 units from the March 5 purchase, 40 units from the March 18 purchase, and 120 units from the March 25 purchase. Note: Round weighted average cost per unit to 2 decimal places. @ $60 per unit @ $62 per unit LIFO Weighted Average 50,900 $ 33,900 17,000 $ 50,900 $ 32,961 17,939 $ Units Sold at Retail 420 units @ $85 per unit 160 units 580 units Specific ID @ $95 per unit 50,900 14,060 18,360

[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. 4. Compute gross profit earned by the company for each of the four costing methods. For spectic identification, units sold include 80 units from beginning inventory, 340 units from the March 5 purchase, 40 units from the March 18 purchase, and 120 units from the. March 25 purchase. Note: Pound weighted average cost per unit to 2 decimal places