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Required information[The following information applies to the questionsdisplayed below.]Warnerwoods Company uses a perpetual inventory system. It enteredinto the following purchases and sales transactions forMarch.DateActivitiesUnits Acquired at CostUnits Sold at RetailMar.1Beginning inventory160units@ $52.20 per unitMar.5Purchase255units@ $57.20 per unitMar.9Sales320units@ $87.20 per unitMar.18Purchase115units@ $62.20 per unitMar.25Purchase210units@ $64.20 per unitMar.29Sales190units@ $97.20 per unitTotals740units510units4. Compute gross profit earned by the companyfor each of the four costing methods. For specific identification,the March 9 sale consisted of 95 units from beginning inventory and225 units from the March 5 purchase; the March 29 sale consisted of75 units from the March 18 purchase and 115 units from the March 25purchase. (Round weighted average cost per unit to twodecimals and final answers to nearest whole dollar.)