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Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March. Date Activities Units Acquired at Cost Units

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

Date Activities Units Acquired at Cost Units Sold at Retail
March 1 Beginning inventory 185 units @ $75 per unit
March 5 Purchase 485 units @ $80 per unit
March 9 Sales 505 units @ $110 per unit
March 18 Purchase 290 units @ $85 per unit
March 25 Purchase 370 units @ $87 per unit
March 29 Sales 330 units @ $120 per unit
Totals 1,330 units 835 units

For specific identification, units sold include 40 units from beginning inventory, 465 units from the March 5 purchase, 125 units from the March 18 purchase, and 205 units from the March 25 purchase.

4. Compute gross profit earned by the company for each of the four costing methods. (Round your average cost per unit to 2 decimal places and final answers to nearest whole dollar.)

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