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.) Answer is not complete. Weighted LIFO Average FIFO Specific Identification Sales Less: Cost of goods sold Gross profit $ 0 $ 0 5 0 $ 0 Problem 5-4AA (Algo) Periodic: Alternative cost flows LO P3 Montoure Company uses a periodic inventory system. It entered into the following calendar-year purchases and sales transactions. Date Activities Units Acquired at Cost Units Sold at Retail January 1 Beginning inventory 695 units $45.00 per unit February 10 Purchase 590 units $42.00 per unit March 13 Purchase 295 units $27.00 per unit March 15 Sales 1.150 units 575.00 per unit August 21 Purchase 195 units 550.00 per unit September 5 Purchase 595 units @ $46.00 per unit September 10 Sales 790 units @ $75.00 per unft Totals 2,370 units 1,970 units Required: 1. Compute cost of goods available for sale and the number of units available for sale Answer is complete and correct. S Cost of goods available for sale Number of units available for sale 101.140 2 370 units 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO. ( weighted average, and (c) specific identification. For specific identification, units sold consist of 695 units from beginning inventory, 395 from the February 10 purchase. 295 from the March 13 purchase, 145 from the August 21 purchase, and 440 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.) Answer is complete and correct. Ending Inventory (a) FIFO $ 18,400 (b) LIFO 5 18,000 (c) Weighted average $ 17072 (d) Specific identification $ 17,820