Warnerwoods Company uses a perpetual inventory system.
It entered into the following purchases and sales transactions for March
Date Activities Units Sold at Retail Units Acquired at Cost
Mar. 1 Beginning inventory 130 units $51.60 per unit
Mar. 5 Purchase 240 units $56.60 per unit
Mar. 9 Sales 290 units $86.60 per unit
Mar. 18 Purchase 100 units $61.60 per unit
Mar. 25 Purchase 180 units $63.60 per unit
Mar. 29 Sales 160 units a $96.60 per unit
Totals 650 units 450 units
Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 210 units from the March 5 purchase; the March 29 sale consisted of 60 units from the March 18 purchase and 100 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.)