Get reliable answers to your questions at Westonci.ca, where our knowledgeable community is always ready to help. Experience the ease of finding quick and accurate answers to your questions from professionals on our platform. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

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

For specific identification, units sold include 90 units from beginning inventory, 370 units from the March 5 purchase, 80 units from the March 18 purchase, and 160 units from the March 25 purchase.

Compute the gross profit earned by the company for each of the four costing methods.

Note: Round your average cost per unit to 2 decimal places and final answers to the nearest whole dollar.

\begin{tabular}{|c|c|c|c|c|c|c|c|c|}
\hline
& FIFO & & & LIFO & & \begin{tabular}{l}
Weighted \\
Average
\end{tabular} & & \begin{tabular}{l}
Specific \\
Identification
\end{tabular} \\
\hline
Sales & & & & & & & & \\
\hline
Less: Cost of goods sold & & & & & & & & \\
\hline
Gross profit & \[tex]$ & & \$[/tex] & & & \[tex]$ & & \$[/tex] \\
\hline
\end{tabular}