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Problem 5-2AA (Algo) Periodic: Alternative cost flows LO P3 [The following information applies...

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Accounting

Problem 5-2AA (Algo) Periodic: Alternative cost flows LO P3
[The following information applies to the questions displayed below.]
Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March.
\table[[Date,Activities,Units Ac,cquired at cost,Units Sold at Retail],[March 1,Beginning inventory,175 units,a $65 per unit,],[\table[[March 5],[March 9]],\table[[Purchase],[Sales]],475 units,@ $70 per unit,495 units @ $100 per unit],[\table[[March 18],[March 25]],\table[[Purchase],[Purchase]],270 units,@ $75 per unit,],[March 29,Sales,350 units,@ $77 per unit,310 units @ $110 per unit],[,Totals,1,270 units,,805 units]]
For specific identification, units sold include 80 units from beginning inventory, 415 units from the March 5 purchase, 115 units from the March 18 purchase, and 195 units from the March 25 purchase.
Problem 5-2AA (Algo) Part 4
4. Compute gross profit earned by the company for each of the four costing methods.
Note: Round your average cost per unit to 2 decimal places and final answers to nearest whole dollar.
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