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 Mar . 1 Beginning inventory 115 units @ $50 per unit Mar . 5 Purchase 415 units @ $55 per unit Mar. 9 Sales 435 units @ $85 per unit Mar. 18 Purchase 150 units @ $60 per unit Mar. 25 Purchase 230 units @ $62 per unit Mar. 29 Sales 190 units @ $95 per unit Totals 910 units 625 units For specific identification, the March 9 sale consisted of 50 units from beginning inventory and 385 units from the March 5 purchase; the March 29 sale consisted of 55 units from the March 18 purchase and 135 units from the March 25 purchase. Problem 6-2AA Part 4 4. Compute gross profit earned by the company for each of the four costing methods. (Round your average cost per unit to 2 de places and final answers to nearest whole dollar.) FIFO LIFO Weighted Specific Average Identification Sales . . . ........ Less: Cost of goods sold 34,725 36,735 35,600 35,345: Gross profit $ (34,725) $ (36,735) $ (35,600) $ -. .. ......... (35,345)