mheducation.com/ext/map/index.html?_con-con&external browser=0&launchUrl=https%253A%252F%252Fvle.phoenix.edu%252Fultra %.... Summative Assessment [due Day... Una i morch Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Saved Units Acquired at Cost 70 units @ $50.40 per unit 210 units @ $55.40 per unit Units Sold at Retail 230 units @ $85.40 per unit Totals 70 units @ $60.40 per unit 120 units @ $62.40 per unit 470 units 100 units @ $95.40 per unit 330 units Help Save & Ext ok ences Problem 6-1A Part 4 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale consisted of 50 units from beginning inventory and 180 units from the March 5 purchase; the March 29 sale consisted of 30 units from the March 18 purchase and 70 units from the March 25 purchase (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.) Gross Margin Sales Less: Cost of goods sold Gross profit FIFO LIFO Avg. Cost Spec. ID