Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date March 1 March 5 March 9 March 18 March 25 March 29 Gross Margin Activities Sales Less: Cost of goods sold Gross profit Beginning inventory Purchase Sales Purchase Purchase Sales Totals FIFO Units Acquired at Cost 140 units @ $51.80 per unit 245 units @ $56.80 per unit LIFO 105 units @ $61.80 per unit 190 units @ $63.80 per unit 680 units 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include 85 units from beginning inventory, 215 units from the arch 5 purchase, 65 units from the March 18 purchase, and 105 units from the March 25 purchase. Note: Round weighted average cost per unit to two decimals and final answers to nearest whole dollar. Weighted Average Units Sold at Retail Specific ID 300 units @ $86.80 per unit 170 units @ $96.80 per unit 470 units

Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include 85 inits from beginning inventory, 215 units from the March 5 purchase, 65 units from the March 18 purchase, and 105 units from the Aarch 25 purchase. lote: Round weighted average cost per unit to two decimals and final answers to nearest whole dollar