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Require The following information applies to the questions displayed below.) Warnerwoods Company uses a perpetual...

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Require 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 Activities Units Acquired at Cont Units sold at Retail Mar. 1 Beginning inventory 100 units & $51.00 per unit 5 Purchase 225 unitse $56.00 per unit Mar. 9 Sales 260 units $86.00 per unit Mar. 18 Purchase 85 units $61.00 per unit 150 unitse $63.00 per unit Mar. 29 Sales 130 units @ $96.00 per unit Totals 560 units 390 units Date MOT. Mar. 25 Purchase 4. Compute gross profit earned by the company for each of the four costing methods. For specific Identification, the March 9 sale consisted of 65 units from beginning inventory and 195 units from the March 5 purchase the March 29 sale consisted of 45 units from the March 18 purchase and 85 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.) FIFO Gross Margin Sales Loss: Cost of goods sold Gross profit LIFO Weighted Specific Average Identification 10,670 $ 10,670 $ 10,670 $ 10,670 $

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