[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 Activities Beginning inventory Purchase 170 units 260 units March 9 Sales March 18 Purchase March 25 Purchase 120 units 220 units Units Acquired at Cost @$52.40 per unit @$57.40 per unit @$62.40 per unit @$64.40 per unit Units Sold at Retail 330 units @ $87.40 per unit March 29 Sales Totals 770 units 200 units 530 units $97.40 per unit 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include 100 units from beginning inventory, 230 units from the March 5 purchase, 80 units from the March 18 purchase, and 120 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.) Gross Margin Sales Less: Cost of goods sold Gross profit FIFO LIFO Weighted Average Specific ID S < Prev 7 of 9 Next >