! Required information Problem 6-1A 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 Activities Units Acquired at Cost Units Sold at Retail Mar . 1 Beginning inventory 230 units @ $53.60 per unit Mar . 5 Purchase 290 units @ $58.60 per unit Mar . 9 Sales 390 units @ $83.60 per unit Mar. 18 Purchase 150 units @ $63.60 per unit Mar. 25 Purchase 280 units @ $65.60 per unit Mar. 29 Sales 260 units @ $98.60 per unit Totals 950 units 650 unitsGross Margin FIFO LIFO Avg. Cost Spec. ID Sales Less: Cost of goods sold Gross profit