[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 Units Acquired at Cost Units Sold at Retail Beginning @ $52.20 per Mar. 1 160 units inventory unit @ $57.20 per Mar. 5 Purchase 255 units 'unit @ $87.20 per Mar. 9 Sales 320 units unit @ $62.20 per Mar. 18 Purchase 115 units Punit @ $64.20 per Mar. 25 Purchase 210 units. unit @ $97.20 per Mar. 29 Sales 190 units unit Totals 740 units 510 units 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 Unit Cost of Goods Available for Sale 2. Compute the number of units in ending inventory. Ending inventory units Perpetual FIFO: March 1 Date March 5 March 9 March 18 Goods Purchased # of units Cost per unit # of units sold Cost of Goods Sold Cost per Cost of Goods unit Sold # of units Inventory Balance Cost per 160 @ unit $ 52.20 Inventory Balance $8,352.00 March 25 March 29 Totals Perpetual LIFO: March 1 March 5 Date Goods Purchased # of units Cost per unit # of units sold March 9 March 18 Cost of Goods Sold Inventory Balance Cost per Inventory unit $ 52.20 Balance = $8,352.00 Cost per unit Cost of Goods Sold # of units 160 @ March 18 March 25 March 29 Weighted Average Perpetual: Goods Purchased March 1 March 5 # of Date units Average March 9 March 18 Average March 25 Cost per unit # of units uold Cost of Goods Sold Inventory Balance Cost per unit Inventory Balance $ 52.20 = $ 8,352.00 Cost per Cost of Goods unit Sold # of units 160 @ Average March 25 March 29 Totals Specific Identification: Goods Purchased Cost of Goods Sold Inventory Balance Specific Identification: Goods Purchased March 1 Date # of units March 5 March 9 March 18 Cost per unit # of units sold Cost of Goods Sold Cost per Cost of Goods unit Sold Inventory Balance Cost per unit @ $52.20 Inventory Balance = $8,352.00 # of units 160 @ March 29 Totals 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale consisted of 95 units from beginning inventory and 225 units from the March 5 purchase; the March 29 sale consisted of 75 units from the March 18 purchase and 115 units from the March 25 purchase. (Round weighted average cost per unit to two decimals.) Sales Less: Cost of goods sold Gross profit FIFO LIFO Weighted Average Specific Identification