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Accounting

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Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.
Date Activities Units Acquired at Cost Units Sold at Retail
March 1 Beginning inventory 240 units @ $53.80 per unit
March 5 Purchase 295 units @ $58.80 per unit
March 9 Sales 400 units @ $88.80 per unit
March 18 Purchase 155 units @ $63.80 per unit
March 25 Purchase 290 units @ $65.80 per unit
March 29 Sales 270 units @ $98.80 per unit
Totals 980 units 670 units
4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include 135 units from beginning inventory, 265 units from the March 5 purchase, 115 units from the March 18 purchase, and 155 units from the March 25 purchase.
Note: Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.

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