Required information Problem 5-1A (Algo) Perpetual: Alternative cost flows LO P1 [The following information applies to the questions displayed below.] Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date March 1 March 5 March 9 March 18 March 25 March 29 Activities Beginning inventory Purchase Sales Problem 5-1A (Algo) Part 4 Gross Margin Purchase Purchase Sales Totals Sales Less Cost of goods sold Gross profit FIFO Units Acquired at Cost LIFO 80 units 215 units 75 units @$60.60 per unit 130 units @ $62.60 per unit 500 units @$50.60 per unit @ $55.60 per unit 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include 55 units from beginning inventory, 185 units from the March 5 purchase, 35 units from the March 18 purchase, and 75 units from the March 25 purchase. Note: Round weighted average cost per unit to two decimals and final answers to nearest whole dollar. Weighted Average Units Sold at Retail Specific ID 240 units@ $85.60 per unit 110 units @ $95.60 per unit 350 units

Required information Problem 5.1A (Algo) Perpetual: Alternative cost flows LO P1 [The following information applies to the questions displayed below] Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Problem 5.1A (Algo) Part 4 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include 55 units from beginning inventory, 185 units from the March 5 purchase, 35 units from the March 18 purchase, and 75 units from the March 25 purchase. Note: Round weighted averoge cost per unit to two decimals and final answers to nearest whole dollar. Required informotion Problem 5-1A (Algo) Perpetual: Alternative cost flows LO P1 [The following information applies to the questions displayed below] Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Problem 5-1A (Algo) Port 4 4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, units sold include 55 units from beginning inventory. 185 units from the March 5 purchase, 35 units from the March 18 purchase, and 75 units from the March. 25 purchase. Note: Round weighted overage cost per unit to two decimals and final answers to nearest whole dollat