1 Beginning inventory Mar. 5 Purchase Units Acquired at Cost 145 units @ $80 per unit 445 units @ $85 per unit Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March. Date Mar. Activities Units Sold at Retail Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales 465 units @ $115 per unit Totals 210 units @ $90 per unit 290 units @ $92 per unit 1,090 units 250 units @ $125 per unit 715 units For specific identification, the March 9 sale consisted of 90 units from beginning inventory and 375 units from the March 5 purchase; the March 29 sale consisted of 85 units from the March 18 purchase and 165 units from the March 25 purchase. 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.) Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions Units Acquired at Cost Units Sold at Retail Date Jan. 1 Beginning inventory Feb. 10 Purchase Mar. 13 Purchase Activities Mar. 15 Sales Aug. 21 Purchase Sept. 5 Purchase 600 units @ $35 per unit 300 units @ $32 per unit 150 units @ $20 per unit 190 units @ $40 per unit 540 units @ $37 per unit 725 units @ $80 per unit Sept. 10 Sales Totals 1,780 units 730 units @ $80 per unit 1,455 units 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 available for sale units 2. Compute the number of units in ending inventory. Ending inventory units Montoure Company uses a periodic inventory system. It entered into the following calendar-year purchases and sales transactions. Activities Date Jan. 1 Beginning inventory Feb. 10 Purchase Mar. 13 Purchase Mar. 15 Sales Aug. 21 Purchase Sept. 5 Purchase Sept. 10 Sales Totals Units Acquired at Cost 760 units @ $70.00 per unit 480 units @ $67.00 per unit 280 units @ $52.00 per unit 260 units @ $75.00 per unit 660 units @ $71.00 per unit 2,440 units Units Sold at Retail 880 units @ $100.00 per unit 1,000 units @ $100.00 per unit 1,880 units 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 available for sale units 2. Compute the number of units in ending inventory. Ending inventory units