# Problem 6-2A Saved Part 4 of 4 Required information Problem 6-2AA Periodic: Alternative cost flows L

Problem 6-2A Saved Part 4 of 4 Required information Problem 6-2AA Periodic: Alternative cost flows LO P3 The following information applies to the questions displayed below. 2.5 points Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March Skipped Units Sold at Retail Units Acquired at Cost 120 unita @ \$55 per unit 420 units \$60 per unit 440 units \$90 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 160 units @ \$65 per unit 240 units @ \$67 per unit eBook 200 units @ \$100 per unit 540 units 940 units Print For specific identification, the March 9 sale consisted of 40 units from beginning inventory and 400 units from the March 5 purchase; the March 29 sale consisted of 60 units from the March 18 purchase and 140 units from the March 25 purchase. References Problem 6-2AA 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 LIFO Weighted Average Specific Identification Sales Less: Cost of ooods sold Gross profit \$ 0 \$ 0 \$ 0 \$