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August 2 1 purchase, and 2 5 0 from the September 5 purchase. ) table [ [ Date , Activities,Units Acquired at Cost,Units Sold

August 21 purchase, and 250 from the September 5 purchase.)
\table[[Date,Activities,Units Acquired at Cost,Units Sold at Retail],[Jan.1,Beginning inventory,600 units a$45 per unit,],[Feb.10,Purchase,400 units a $42 per unit,],[Mar.13,Purchase,200 units a $27 per unit,],[Mar.15,Sales,,800 units $$75 per un],[Aug.21,Purchase,100 units ia $50 per unit,],[Sep.5,Purchase,500 units a$46 per unit,],[Sep.10,Sales,,600 units ia $75 per unit],[,Totals,1.800 units,1,400 units]]
Problem 5-4A Perlodic: Alternative cost flows P3
Refer to the information in widehat(6) Problem 5.3A and assume the periodic inventory system is used.
Required
Compute cost of goods available for sale and the number of units available for sale.
Compute the number of units in ending inventory.
Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. (Round all amounts to cents.)
Compute gross profit earned by the company for each of the four costing methods in part 3.
Analysis Component
5. The company's manager earns a bonus based on a percentage of gross profit. Which method of inventory costing produces the highest bonus for the manager?
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