find the cost of goods sold for weighted average
Check 5 Montoure Company uses a perpetual inventory system. It entered into the following calendar year purchases and sales transactions Unite Soldattal Units equired at Cost 540 units $55 per unit 460 unitat $5) per unit 100 Lt So per unit Activities Jan. 1 Beginning inventory reb. 10 Purchase Mar. 13 Purchase Mar 15 Sale Aug 21 Purchase Sopt. 5. Parehase Sept. 10 Salon Total 745 unite# $0 per unitt 170 units $61 per unit 430 units. 554 per unit 1.700 units 600 unitat 380 per unit 1,345 unita Required: 1. Compute cost of goods available for sale and the number of units avaliable for sale 2. Compute the number of units in ending inventory 3. Compute the cost assigned to ending inventory using (a) FIFO (6) LIFO, (weighted average, and (c) specific identification. For specific identification, units sold consist of 540 units from beginning inventory, 360 from the February 10 purchase 100 from the March purchase, 120 from the August 21 purchase, and 225 from the September 5 purchase. (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, (Round your average cost per unit to 2 decimal places) Complete this question by entering your answers in the tabs below. tequired 1 Required 2 Required Required Computer cross profit earned by the company for each of the four conting methods. (Round your average cont per unit to Z decimal places Weld Bet Avon 107,600 107.000 100 107.000 References Required 1 Required 2 Required 3 Required 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 Los Cost of goods sold Gross profit Weighted Specific FIFO LIFO Average Identification 107,600 $ 107,600 $ 107,600 $ 107,600 72,500 72,14572527. 72 250 35,100 $ 35.455$ 35,073 $ 35,350 $ (Required 3