Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.

 DateActivitiesUnits Acquired at CostUnits Sold at Retail Mar.1 Beginning inventory [email protected] $53.00 per unit     Mar.5 Purchase [email protected] $58.00 per unit     Mar.9 Sales     360uni[email protected] $88.00 per unit Mar.18 Purchase [email protected] $63.00 per unit     Mar.25 Purchase [email protected] $65.00 per unit     Mar.29 Sales     [email protected] $98.00 per unit    Totals 860units  590units 

4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale consisted of 115 units from beginning inventory and 245 units from the March 5 purchase; the March 29 sale consisted of 95 units from the March 18 purchase and 135 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.)