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Warnerwoods Company uses a perlodic inventory system. It entered into the following purchases and sales transactions for March Unit Sold at Retail Unith Acquired at

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Warnerwoods Company uses a perlodic inventory system. It entered into the following purchases and sales transactions for March Unit Sold at Retail Unith Acquired at Cont 100 units $50 per unit 400 units $55 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 420 unite se per unit 120 units $60 per unit 200 units 562 per unit 820 units 160 unitse $95 per unit 580 units For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 340 units from the March 5 purchase; the March 29 sale consisted of 40 units from the March 18 purchase and 120 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) Sales LOS Cost of goods Answer is complete but not entirely correct. Specific FIFO LIFO Weighted Average Identification $ 50,900.00 $ 50,900.00 IS 50,900,00 $ 50,900.00 31,800.00 32.920,00 32,248,00 32,540.00 $ 19.100,00 $ 17,900.00 18,65200 $18,360.00 Isold Gross profit

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