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Problem 6-1A Perpetual: Alternative cost flows LO P1 [The following information applies to the questions displayed below] Warnerwoods for March. Company uses a perpetual inventory system. It entered into the f Date Activities Units Units Acquired at Cost 130 units@ $51.60 per unit 240 units @ $56.60 per unit Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales 290 units 100 units @ $61.60 per unit 180 units @ $63.60 per unit 160 units 450 units Totals 650 units Problem 6-1A Part 4 4. Compute gross profit earned by the company for each of the four costing methods. For s consisted of 80 units from beginning inventory and 210 units from the March 5 purchase; th the March 18 purchase and 100 units from the March 25 purchase. (Round weighted averag answers to nearest whole dollar.) FIFO Gross Margin LIFO 40,570 $ Avg. Cost 40,570 Spec. ID $ Sales Less: Cost of goods sold Gross profit $ 40,570 $ 40,570