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1. Compute cost of goods available for sale and the number of units avaliable for sale. 2. Compute the number of units in ending inventory

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1. Compute cost of goods available for sale and the number of units avaliable for sale. 2. Compute the number of units in ending inventory 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and ( d ) specific identification, For specific identification, units sold consist of 625 units from beginning inventory, 325 from the February 10 purchase, 225 from the March 13 purchase, 75 from the August 21 purchase, and 300 from the September 5 purchase. Note: Round your overoge cost per unit to 2 decimal places. Round your final answers to the nearest whole dollar amount. 3. Compute the cost assigned to ending inventory using (d) FIFO, (b) LIFO. (c) weighted average, and (d) specific identification. For specific identification, units sold consist of 625 units from beginning inventory, 325 from the February 10 purchase, 225 from the March 13 purchase, 75 from the August 21 purchase, and 300 from the September 5 purchase Note: Round your overage cost per unit to 2 decimal places. Round your final answers to the nearest whole dollar amount. 4. Compute gross profit earned by the company for each of the four costing methods. Note: Round your average cost per unit to 2 decimal places. Round your final answers to the nearest whole dollar amount. 5. The company's manager earns a bonus based on a percent of gross profit. Which method of irventory costing produces the highest bonus for the manager? UFO Specific Identification FIFO

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