Warnerwoods company uses a perpetual inventory system it entered into the following purchases and cell transactions for March.

compute gross profit earned by the company for each of the forecasting methods for specific identification units sold include 90 units from beginning inventory 220 units from the March 5 purchase 70 units from the March 18 purchase and 110 units from the March 25 purchase.

Required information [The following information applies to the questions displayed below] Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date March 11 March 5, March 9 March 18 March 25 March 29 Gross Margin Activities Beginning inventory Purchase Sales Sales Less Cost of goods sold Gross profit Purchase Purchase Sales Totals FIFO Units Acquired at Cost 150 units@ $52.00 per unit 250 units @ $57.00 per unit LIFO 110 units 200 units 710 units 4. Compute gross profit earned by the company for each of the four costing methods. For'specific identification, units sold include 90 units from beginning inventory, 220 units from the March 5 purchase. 70 units from the March 18 purchase, and 110 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.) @ $62.00 per unit @ $64.00 per unit Weighted Average Units Sold at Retail Specific ID 310 units @ $87.00 per unit 180 units @ $97.00 per unit 490 units