Required information Problem 5-1A (Static) Periodic: Alternative cost flows LO P1 (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 Units sold at Retail Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totala Units Acquired at Cost 100 unita e $50 per unit 400 units e$55 per unit 120 units e$60 per unit 200 units $62 per unit 420 units $85 per unit 160 units $95 per unit 580 units 820 units For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 340 units from the March 5 purchase; the March 29 sale consisted of 40 units from the March 18 purchase and 120 units from the March 25 purchase. Problem 5-1A (Static) Part 4 4. Compute gross profit earned by the company for each of the four costing methods. (Round your average cost per unit to 2 decimal places and final answers to nearest whole dollar.) Check my work View previe Mar. 25 Purchase Mar. 29 Sales Totals 200 unitat $62 per unit 820 unita 160 units 595 per unit 580 units 4 For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 340 units from the March 5 purchase; the March 29 sale consisted of 40 units from the March 18 purchase and 120 units from the March 25 purchase. Problem 5-1A (Static) Part 4 4. Compute gross profit earned by the company for each of the four costing methods. (Round your average cost per unit to 2 decimal places and final answers to nearest whole dollar.) FIFO Weighted LIFO Specific Average Identification 50,000.00 $ 50,900.00 $ 50,900,00 5 Sales Less: Cost of goods sold Gross profit 50,900.00 $ 31,800.00 19.100.00 5 $ 50,900.00 $ 50,900.00 $ 60,900,00