ces Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions. Date January 1 Activities Beginning inventory February 10 March 13 Purchase Purchase March 15 Sales Purchase August 21 September 5 Purchase September 10 Sales Totals Units Acquired at Cost Units Sold at Retail 600 units $45 per unit 400 unite 200 units $42 per unit $27 per unit 800 units $75 per unit 100 units 500 units $50 per unit 546 per unit 1,800 units 600 units @ $75 per unit 1,400 units Required: 1. Compute cost of goods available for sale and the number of units available for sale. Cost of goods available for sale Number of units available for sale units 2. Compute the number of units in ending inventory. Ending inventory units 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, 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.) Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO. (Round your average cost per unit to 2 decimal places.) Perpetual FIFO: Inventory Balance Goods Purchased Cost of Goods Sold Date of units Cost per unit # of units sold unit Cost per Cost of Goods Sold Inventory Balance Cost per # of units unit January 1 600 at $45.00 February 10 Total February 10 March 13 Total March 13 $27,000.00 nungiventory using FIFO. (Round your average cost per unit to 2 decimal places.) Goods Purchased Date # of units Cost per unit # of units sold January 1 Perpetual FIFO: Cost of Goods Sold Cost per unit Inventory Balance Cost per unit $45.00 Inventory Balance $ 27,000.00 Cost of Goods Sold # of units 600 at February 10 Total February 10 March 13 Total March 13 March 15 Total March 15 August 21 Total August 21 September 5 Total September 5 September 10: Total September 10 Totals $ 0.00 $ 0.00 Perpetual LIFO > Compute the cost assigned to ending inventory using LIFO. (Round your average cost per unit to 2 decimal places.) Goods Purchased Perpetual LIFO: Cost of Goods Sold Cost Date # of units Cost per unit # of units sold. per unit. Cost of Goods Sold # of units January 1 600 at Inventory Balance Cost per unit $45.00 Inventory Balance $ 27,000.00 February 10 Total February 10 March 13 Total March 13 March 15 Total March 15 August 21 Total August 21 September 5 Total September 5 September 10 Total September 10 Totals 0.00 $ 0.00 vipiele uns question by entering your answers in the tabs below. erpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places.) Weighted Average Perpetual: Cost of Goods Sold January 1 Goods Purchased Inventory Balance Date # of units Cost per unit # of units sold Cost per unit Cost of Goods Sold # of units Cost per unit Inventory Balance 600 at $45.00- $27,000.00 February 10 Average February 10 March 13 Average March 13 March 15 August 21 Average August 21 September 5 Average September 5 September 10 Totals $ 0.00 Specific Id> Perpetual LIFO Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using specific identification. For specific identification, units sold consist of 600 units from beginning 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. (Round your average cost per unit to 2 decimal places.) Goods Purchased Specific Identification: Cost of Goods Seld Date of units Cost per unit of units sold Cost per unit Cost of Goods Sold of units Inventory Balance Cost per und Inventory Balance January 1 600 at $45.00 at $45.00 4 $ 000 $45.00 S 0.00 February 10 400 at $42.00 $42.00 $42.00- March 13 200 $27.00 $27.00 4 000 at $27.00 0.00 August 211 100 at $50.00 at $50.00 at $50.00 September 5 500 at $46.00 at $46.00 0.00 at $48.00 0.00 Totals 1,800 0 $ 0.00 $ 0.00 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.) Sales Less: Cost of goods sold Gross profit FIFO LIFO Weighted Average Specific Identification 0 $ 0 $ DS of