calendar-year 20 Montoure Company uses a periodic inventory system. It entered into the following Problem 5-3A ning inventory, 300 from the February 10 purchase, 200 from the March 13 purchase, 50 from the August 21 purchase, and 250 from the September 5 purchase) Periodic: Alternative cost flows purchases and sales transactions. (For specific identification, units sold consist of 600 units from beoin Pl Units Sold at Retail Units Acquired at Cost Date Activities 600 units @ $45.00 per unit 400 units@$42.00 per unit Jan. I Beginning inventory Feb. 10 Purchase. Mar. 13 Purchase Mar. 15 Sales e200 units @$27.00 per unit 800 units @ $75.00 per unit 100 units @ $50.00 per unit 500 units @ $46.00 per unit Sept. 10 Sales Totals 600 units $75.00 per unit 1,400 units 1,800 units 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 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and Check 3) Ending nventory FIFO, $18,400 FO $18.000, WA $12156 (d) specific identification. (Round all amounts to cents.) 4. Compute gross profit carned by the company for cach of the four costing methods in part 3 Analysis Component 5. If the company's manager earns a bonus based on a percent of gross profit, which method of inventory 41 LIFO gross profit, 545.800 costing will the manager likely prefer