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Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales...

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Accounting

Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March.

Date Activities Units Acquired at Cost Units Sold at Retail
Mar. 1 Beginning inventory 130 units @ $65 per unit
Mar. 5 Purchase 430 units @ $70 per unit
Mar. 9 Sales 450 units @ $100 per unit
Mar. 18 Purchase 180 units @ $75 per unit
Mar. 25 Purchase 260 units @ $77 per unit
Mar. 29 Sales 220 units @ $110 per unit
Totals 1,000 units 670 units

For specific identification, the March 9 sale consisted of 70 units from beginning inventory and 380 units from the March 5 purchase; the March 29 sale consisted of 70 units from the March 18 purchase and 150 units from the March 25 purchase.

4. Compute gross profit earned by the company for each of the four costing methods. (Round your average cost per unit to 2 decimal places and final answers to nearest whole dollar.)

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