1 1 Montoure Company uses a periodic Inventory System Intered into the following Calendar yw purchases and sales and tot 14 Her 11. Pit lo AI Bagi etory Purchase Purchase January 2 F 30 March Agt 21 34 2 urt 1. . TE Purchase .. 1. Sales To 2 Required: 1. Compute cost of goods available for sale and the number of units before fo Custod for 2. Compute the number of unitsin ending inventory 10 points 3. Compute the cost assigned to ending inventory using (FIFO (1) LIFO, (weighted average, and a specific identification For specific identification, units sold consist of 670 units from beginning inventory, 370 from the February 10 purchase, 270 from the Match 13 purchase, 120 from the August 21 purchase, and 390 from the September 5 purchase. (Round your average cost per unit to 2 decimal places. Round your final answers to the nearest whole dollar amount) . Book Ende Inverde Print ca) FIFO RO Weighted average Specific identification References 4. Compute gross profit earned by the company for each of the four costing methods. Round your average cost per un to 2 decimal pleces, Round your final answers to the neerest Whole dollar amount) FIFO LIFO Weighted Average Ident Sa Les Cost of God 03 0 1 10 DO 4. Compute grous profit eamed by the company for each of the four costing methods (Rosind your average cost per un to 2 decimal places, Round your final answers to the nearest whole dollar amount.) Doc LIFO Weld Le Coat of goods sold Group 0 0. Hace 3. The company's manager eam a bonus based on a percent of gross profit. Which mood of toy conting produces tegnes bonus for the manager? FIFO Weighted Average Specific identification UFO saved CAN P5-4 Connect HW Periodic Inventory Calculat 0 Check my work 1 10 points Montoure Company uses a periodic inventory system. It entered into the following calendar year purchases and sales transactions Date Activities Units Acquired at cost hits sold at all January 1 Teginning inventory 670 units @545.00 per unit February 10 Purchase 540 units $42.00 per unit March 1 Purchase 270 units $27.00 per unit March 15 Sales 1.000 units 575.ee per unit August 21 Purchase 120 units # $50.00 per unit September Purchase 570 units 546.oe per unit 74 its September 10 Sales 1. perit Totals 2.220 units 1.320 units oor nes Required: 1. Compute cost of goods available for sale and the number of units available for sale Cost of goods available for sale Number of units avant for sale Ne LULLITI PUT Niventory Calculat Seved Help Save & Exit Submit Check my work 1 2. Compute the number of units in ending inventory 10 points Ending inventory units Book Print References 3. Compute the cost assigned to ending inventory using a FIFO, LIFO (weighted average, and to specific dentification For specific identification units sold consist of 670 units from beginning inventory 370 from the February 10 purchase, 270 for the March 13 purchase, 120 from the August 21 purchase, and 390 from the September 5 purchase. (Round your average cost per unit to 2 decimal places. Round your final answers to the nearest whole dollar amount.) Ending Inventory (a) FIFO Check my work 1 (d) Specific identification 10 DO 300 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. Round your final answers to the nearest whole dollar amount.) References Specite identification FIFO LIFO Weighted Average Sales Less Cost of goods sold Gross pro a Os o $ $ 05 Prey Ned 1 of 1 THISYAM Mc Graw f1 Most 1 1 Montoure Company uses a periodic Inventory System Intered into the following Calendar yw purchases and sales and tot 14 Her 11. Pit lo AI Bagi etory Purchase Purchase January 2 F 30 March Agt 21 34 2 urt 1. . TE Purchase .. 1. Sales To 2 Required: 1. Compute cost of goods available for sale and the number of units before fo Custod for 2. Compute the number of unitsin ending inventory 10 points 3. Compute the cost assigned to ending inventory using (FIFO (1) LIFO, (weighted average, and a specific identification For specific identification, units sold consist of 670 units from beginning inventory, 370 from the February 10 purchase, 270 from the Match 13 purchase, 120 from the August 21 purchase, and 390 from the September 5 purchase. (Round your average cost per unit to 2 decimal places. Round your final answers to the nearest whole dollar amount) . Book Ende Inverde Print ca) FIFO RO Weighted average Specific identification References 4. Compute gross profit earned by the company for each of the four costing methods. Round your average cost per un to 2 decimal pleces, Round your final answers to the neerest Whole dollar amount) FIFO LIFO Weighted Average Ident Sa Les Cost of God 03 0 1 10 DO 4. Compute grous profit eamed by the company for each of the four costing methods (Rosind your average cost per un to 2 decimal places, Round your final answers to the nearest whole dollar amount.) Doc LIFO Weld Le Coat of goods sold Group 0 0. Hace 3. The company's manager eam a bonus based on a percent of gross profit. Which mood of toy conting produces tegnes bonus for the manager? FIFO Weighted Average Specific identification UFO saved CAN P5-4 Connect HW Periodic Inventory Calculat 0 Check my work 1 10 points Montoure Company uses a periodic inventory system. It entered into the following calendar year purchases and sales transactions Date Activities Units Acquired at cost hits sold at all January 1 Teginning inventory 670 units @545.00 per unit February 10 Purchase 540 units $42.00 per unit March 1 Purchase 270 units $27.00 per unit March 15 Sales 1.000 units 575.ee per unit August 21 Purchase 120 units # $50.00 per unit September Purchase 570 units 546.oe per unit 74 its September 10 Sales 1. perit Totals 2.220 units 1.320 units oor nes Required: 1. Compute cost of goods available for sale and the number of units available for sale Cost of goods available for sale Number of units avant for sale Ne LULLITI PUT Niventory Calculat Seved Help Save & Exit Submit Check my work 1 2. Compute the number of units in ending inventory 10 points Ending inventory units Book Print References 3. Compute the cost assigned to ending inventory using a FIFO, LIFO (weighted average, and to specific dentification For specific identification units sold consist of 670 units from beginning inventory 370 from the February 10 purchase, 270 for the March 13 purchase, 120 from the August 21 purchase, and 390 from the September 5 purchase. (Round your average cost per unit to 2 decimal places. Round your final answers to the nearest whole dollar amount.) Ending Inventory (a) FIFO Check my work 1 (d) Specific identification 10 DO 300 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. Round your final answers to the nearest whole dollar amount.) References Specite identification FIFO LIFO Weighted Average Sales Less Cost of goods sold Gross pro a Os o $ $ 05 Prey Ned 1 of 1 THISYAM Mc Graw f1 Most