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Required information [The following information applies to the questions displayed below.) Warnerwoods Company uses a...

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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 Unita Sold at Real Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totale Units Acquired at Cost 100 units # $51.00 per unit 225 units $56.00 per unit 85 units & $61.00 per unit 150 units $63.00 per unit 260 units. 586.00 per unit 560 units 130 units 596.00 per unit 390 units 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 Weighted LIFO Specific Average Identification 10,670 $ 10,670 $ 10,670 $ 10,670 $

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