Compute the cost assigned to ending inventory using weighted average. Nate. Round vaur averace cost ner unit to 2 decimal places. Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Specific Average Identification Compute the cost assigned to ending inventory using LIFO. Note: Round your average cost per unit to 2 decimal places. 4. Compute gross profit earned by the company for each of the four costing methods. Note: Round your average cost per unit to 2 decimal places. \begin{tabular}{|l|l|l|l|l|} \hline & FIFO & LIFO & \begin{tabular}{c} Weighted \\ Average \end{tabular} & \begin{tabular}{c} Specific \\ Identification \end{tabular} \\ \hline Sales & & & & \\ \hline Less: Cost of goods sold & & & \\ \hline Gross profit & & & & \\ \hline \end{tabular} 3. Compute the cost mesigned to ending invertory urving (at) Mirch 13 murctines, 140 from the Complete this question by entering your answers in the tabs befow. Compute the cost assigned to endine inventory using FIFO. Note: flound your average cont pert unit to 2 d Required information [The following information applies to the questions displayed below.] Tree Seedlings has the following current-year purchases and sales for its only product. The company uses a periodic inventory system. a. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. b. Determine the costs assigned to ending inventory and to cost of goods sold using LIFO. c. Compute the gross profit for each method. Complete this question by entering your answers in the tabs below. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. 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? FIFO Weighted Average Specific Identification LIFO 3. Compute the cost assigned to ending inventory using (d) FFO, (B) LFO, (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, 190 from the March 13 purchase, 140 from the August 21 purchase, and 315 from the September 5 purchase.) Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual Lifo Weighted Specific Average Identification 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, 190 from the March 13 purchase, 140 from the August 21 purchase, and 315 from the September 5 purchase.) \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{10}{|c|}{ Specific Identification } \\ \hline \multirow[b]{2}{*}{ Date } & \multicolumn{3}{|c|}{ Goods Avallable for Sale } & \multicolumn{3}{|c|}{ Cost of Goods Sold } & \multicolumn{3}{|c|}{ Ending Inventory } \\ \hline & # of units & \begin{tabular}{l} Cost per \\ unit \end{tabular} & \begin{tabular}{c} Cost of Goods \\ Avallable for \\ Sale \end{tabular} & \begin{tabular}{c} \# of units \\ sold \end{tabular} & \begin{tabular}{c} Cost per \\ unit \end{tabular} & \begin{tabular}{l} Cost of \\ Goods Sold \end{tabular} & \begin{tabular}{l} \# of units \\ in ending \\ inventory \end{tabular} & \begin{tabular}{l} Cost per \\ unit \end{tabular} & \begin{tabular}{l} Ending \\ Inventory \end{tabular} \\ \hline \multicolumn{10}{|l|}{ January 1} \\ \hline \multicolumn{10}{|l|}{ February 10} \\ \hline \multicolumn{10}{|l|}{ March 13} \\ \hline \multicolumn{10}{|l|}{ August 21} \\ \hline September 5 & & & & & & & & & \\ \hline Total & & & & & & & & & \\ \hline \end{tabular} Weighted Average Specific Identification 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 ( d ) specific identificat specific identification, units sold consist of 600 units from beginning inventory, 300 from the February 10 purchase, 190 March 13 purchase, 140 from the August 21 purchase, and 315 from the September 5 purchase.) Complete this question by entering your answers in the tabs below. Compute the cost assigned to ending inventory using FIFO. Note: Round your average cost per unit to 2 decimal places. Compute the cost assigned to ending inventory using weighted average. Nate. Round vaur averace cost ner unit to 2 decimal places. Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Specific Average Identification Compute the cost assigned to ending inventory using LIFO. Note: Round your average cost per unit to 2 decimal places. 4. Compute gross profit earned by the company for each of the four costing methods. Note: Round your average cost per unit to 2 decimal places. \begin{tabular}{|l|l|l|l|l|} \hline & FIFO & LIFO & \begin{tabular}{c} Weighted \\ Average \end{tabular} & \begin{tabular}{c} Specific \\ Identification \end{tabular} \\ \hline Sales & & & & \\ \hline Less: Cost of goods sold & & & \\ \hline Gross profit & & & & \\ \hline \end{tabular} 3. Compute the cost mesigned to ending invertory urving (at) Mirch 13 murctines, 140 from the Complete this question by entering your answers in the tabs befow. Compute the cost assigned to endine inventory using FIFO. Note: flound your average cont pert unit to 2 d Required information [The following information applies to the questions displayed below.] Tree Seedlings has the following current-year purchases and sales for its only product. The company uses a periodic inventory system. a. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. b. Determine the costs assigned to ending inventory and to cost of goods sold using LIFO. c. Compute the gross profit for each method. Complete this question by entering your answers in the tabs below. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. 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? FIFO Weighted Average Specific Identification LIFO 3. Compute the cost assigned to ending inventory using (d) FFO, (B) LFO, (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, 190 from the March 13 purchase, 140 from the August 21 purchase, and 315 from the September 5 purchase.) Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual Lifo Weighted Specific Average Identification 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, 190 from the March 13 purchase, 140 from the August 21 purchase, and 315 from the September 5 purchase.) \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{10}{|c|}{ Specific Identification } \\ \hline \multirow[b]{2}{*}{ Date } & \multicolumn{3}{|c|}{ Goods Avallable for Sale } & \multicolumn{3}{|c|}{ Cost of Goods Sold } & \multicolumn{3}{|c|}{ Ending Inventory } \\ \hline & # of units & \begin{tabular}{l} Cost per \\ unit \end{tabular} & \begin{tabular}{c} Cost of Goods \\ Avallable for \\ Sale \end{tabular} & \begin{tabular}{c} \# of units \\ sold \end{tabular} & \begin{tabular}{c} Cost per \\ unit \end{tabular} & \begin{tabular}{l} Cost of \\ Goods Sold \end{tabular} & \begin{tabular}{l} \# of units \\ in ending \\ inventory \end{tabular} & \begin{tabular}{l} Cost per \\ unit \end{tabular} & \begin{tabular}{l} Ending \\ Inventory \end{tabular} \\ \hline \multicolumn{10}{|l|}{ January 1} \\ \hline \multicolumn{10}{|l|}{ February 10} \\ \hline \multicolumn{10}{|l|}{ March 13} \\ \hline \multicolumn{10}{|l|}{ August 21} \\ \hline September 5 & & & & & & & & & \\ \hline Total & & & & & & & & & \\ \hline \end{tabular} Weighted Average Specific Identification 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 ( d ) specific identificat specific identification, units sold consist of 600 units from beginning inventory, 300 from the February 10 purchase, 190 March 13 purchase, 140 from the August 21 purchase, and 315 from the September 5 purchase.) Complete this question by entering your answers in the tabs below. Compute the cost assigned to ending inventory using FIFO. Note: Round your average cost per unit to 2 decimal places