The following information applies to the questions displayedbelow.]
Warnerwoods Company uses a perpetual inventory system. It enteredinto the following purchases and sales transactions forMarch.
| Date | Activities | Units Acquired at Cost | Units Sold at Retail |
| Mar. | 1 | | Beginning inventory | | 150 | units | @ $52.00 per unit | | | | |
| Mar. | 5 | | Purchase | | 250 | units | @ $57.00 per unit | | | | |
| Mar. | 9 | | Sales | | | | | | 310 | units | @ $87.00 per unit |
| Mar. | 18 | | Purchase | | 110 | units | @ $62.00 per unit | | | | |
| Mar. | 25 | | Purchase | | 200 | units | @ $64.00 per unit | | | | |
| Mar. | 29 | | Sales | | | | | | 180 | units | @ $97.00 per unit |
| | | | Totals | | 710 | units | | | 490 | units | |
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4. Compute gross profit earned by the companyfor each of the four costing methods. For specific identification,the March 9 sale consisted of 90 units from beginning inventory and220 units from the March 5 purchase; the March 29 sale consisted of70 units from the March 18 purchase and 110 units from the March 25purchase. (Round weighted average cost per unit to twodecimals and final answers to nearest whole dollar.)
