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 600 units from beginning inventory, 200 from the February 10 purchase, 150 from the March 13 purchase, 140 from the August 21 purchase, and 365 from the September 5 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.) 5. The company's manager earns a bonus based on a percent of gross profit. Which method of inventory costing produces the highest bonus for the manager? multiple choice Weighted Average . FIFO Specific Identification LIFO -nedrive.live.com Search (Alt+Q) Ees Review View Help A A BI UA.. ~ v Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions. Date Activities Units Acquired at Cost Units Sold at Retail unit January 1 Beginning inventory 660 @$55 per unit February unit Purchase 330 @$52 per unit 10. 5 unit March 13 Purchase 110 @$40 per unit unit March 15 Sales 780 @$75 per unit unit August 21 Purchase 140 @$60 per unit September unit Purchase 420 @$56 per unit 5 5 September Sales 560 10 unit S @$75 per unit 1,66 unit Totals 0 5 1,34 unit 0 Required: 1. Compute cost of goods available for sale and the number of units available for sale. 2. Compute the number of units in ending inventory. ons: Showing 99+ IA