Problem $5-2$AA $($Algo$)$ Periodic: Alternative cost flows LO P$3$

Skip to question

$[$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.

Date Activities Units Acquired at Cost Units Sold at Retail

March $1$ Beginning inventory $160$ units @ $$50$ per unit

March $5$ Purchase $460$ units @ $$55$ per unit

March $9$ Sales $480$ units @ $$85$ per unit

March $18$ Purchase $240$ units @ $$60$ per unit

March $25$ Purchase $320$ units @ $$62$ per unit

March $29$ Sales $280$ units @ $$95$ per unit

Totals $1,180$ units $760$ units

For specific identification, units sold include $60$ units from beginning inventory, $420$ units from the March $5$ purchase, $100$ units from the March $18$ purchase, and $180$ units from the March $25$ purchase.

Problem $5-2$AA $($Algo$)$ Part $4$

$4.$ 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.