Question: omework ( i Required information [ The following information applies to the questions displayed below. ] Warnerwoods Company uses a periodic inventory system. It entered

omework (i
Required information
[The following information applies to the questions displayed below.]
Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March.
\table[[March.,,,Units Sold at Retail],[Date,\table[[Activities]],\table[[Units Acquired at Cost],[185 units @ $75 per unit]],],[March 1,\table[[Beginning inventory],[Purchase]],\table[[185 units @$75 per unit],[485 units @$80 per unit]],505 units a $110 per unit],[\table[[March 5],[March 9]],,,505 units & $116 pet umit],[March 18,Purchase,\table[[290 units @ $85 per unit],[370 units @$87 per unit]],],[\table[[March 25],[March 29]],\table[[Purchase],[Sales]],370 units (d $8 per dirs,330 units @$120 per unit],[,Totals,1,330 units,835 units]]
For specific identification, units sold include 40 units from beginning inventory, 465 units from the March 5 purchase, 125 units from the March 18 purchase, and 205 units from the March 25 purchase.
4. Compute gross profit earned by the company for each of the four costing methods.
Note: Round your average cost per unit to 2 decimal places and final answers to nearest whole dollar.
\table[[,FIFO,LIFO,\table[[Weighted],[Average]],\table[[Specific],[Identification]]],[Sales,,,,],[Less: Cost of goods sold,,,,],[Gross profit,,,,]]
 omework (i Required information [The following information applies to the questions

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