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Marlow Company uses a perpetual inventory system. During the year. it entered into the following purchases and sales transacti Required: 1. Compute cost of goods

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Marlow Company uses a perpetual inventory system. During the year. it entered into the following purchases and sales transacti Required: 1. Compute cost of goods avallable for sale and the number of units available for sale. 2. Compute the number of units in ending inventory. Campute the cost assigned to ending inventory using weightod average cost, 3. Compute the cost assigned to ending inventory using (o) FFO, (b) specific identification-units sold consist of 580 units from beginning inventory and 180 units from the March 13 purchase, and (c) weighted average cost. (Round per unit to 2 decimals, but inventory bolances to the dollar.) Complete this question by entering your answers in the tabs below. Compiate the cost assigned to ending inventory using weighted average cost. 4. Compute gross profit earned by the company for each of the three costing methods in part 3 . 5. If the company's manager earns a bonus based on a percent of gross profit, which method of inventory costing will the manager Ilkely prefer? Specific ldentification Weighted average method

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