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Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.

DateActivitiesUnits Acquired at CostUnits Sold at RetailMar.1Beginning inventory90units@ $50.80 per unitMar.5Purchase220units@ $55.80 per unitMar.9Sales250units@ $85.80 per unitMar.18Purchase80units@ $60.80 per unitMar.25Purchase140units@ $62.80 per unitMar.29Sales120units@ $95.80 per unitTotals530units370units

Problem 5-1A Part 4

4.Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale consisted of 60 units from beginning inventory and 190 units from the March 5 purchase; the March 29 sale consisted of 40 units from the March 18 purchase and 80 units from the March 25 purchase.(Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.)