Exam $3$ Chapters $4-5$

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

$\backslash$table$[[$Date$,$Activities,Units Acquired at Cost,Units Sold at Retail$],[$March $1,$Beginning inventory,$130$ units @$$51\mathrm{.}60$ per unit,$],[$March $5,$Purchase,$240$ units $$56\mathrm{.}60$ per unit,$],[$March $9,$Safes,,$290$ units @ $$86\mathrm{.}60$ per unit$],[$March $18,$Purchase,$100$ units @ $$61\mathrm{.}60$ per unit,$],[$March $25,$Purchase,$180$ units @ $$63\mathrm{.}60$ per unit,$],[$March $29,$Sales,,$160$ units @$$96\mathrm{.}60$ per unit$],[$Totals$,650$ units,$450$ units$]]$

Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include $80$ units from beginning inventory, $210$ units from the March $5$ purchase, $60$ units from the March $18$ purchase, and $100$ units from the March $25$ purchase.

Note: Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.

$\backslash$table$[[$Gross Margin,FIFO,LIFO,$\backslash$table$[[$Weighted$],[$Average$]],$Specific ID$],[$Sales$,,,,],[$Less: Cost of goods sold,,,,$],[$Gross profit,,,,$]]$