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- Compute the cost assigned to ending inventory using (d) 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, 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. 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 (d) 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, 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. Compute the cost assigned to ending inventory using FIFO. Note: Round your average cost per unit to 2 decimal places. Montoure Company uses a perpetual inventory system. it entered into the following calendar-year purchases and sales transactions. Required: 1. Compute cost of goods available for sale and the number of units avalable for sale: 2. Cornpute the number of units in ending imventory 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. 4. Compute gross profit earned by the company for each of the four costing methods. Note: Round your averoge cost per unit to 2 decimal pleces. 5. The company's manager earns a bonus based on a percent of gross protit. Which method of inventary costing produces the highest bonus for the manager? FFO Specificidentification LIFO Weighted Average Montoure Company uses a perpetual inventory system. it entered into the following calendar-year purchases and sales transactions. Required: 1. Compute cost of goods available for sale and the number of units avalable for sale: 2. Cornpute the number of units in ending imventory