Montoure Company uses a periodic Inventory system. It entered into the following calendar-year purchases and sales transactions. Date Activities January 1 Beginning inventory February 10 Purchase March 13 Purchase March 15 August 21 Septeber 5 Sales Purchase Purchase September 10 Sales Totals Required: Units Acquired at Cost Units Sold at Retail 600 units 400 units 200 units @$45 per unit @ $42 per unit @ $27 per unit 800 units @ $75 per unit 100 units 500 units $50 per unit @ $46 per unit 600 units @ $75 per unit 1,800 units 1,400 units 1. Compute cost of goods available for sale and the number of units available for sale. Cost of goods available for sale $ 77,200 Number of units available for sale 1,800 units 2. Compute the number of units in ending Inventory. Ending inventory 400 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. (a) FIFO (b) LIFO (c) Weighted average (d) Specific identification Ending Inventory 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. Round your final answers to the nearest whole dollar amount. FIFO LIFO Weighted Average Specific Identification Sales Less: Cost of goods sold Gross profit $ 0 $ 0 $ 0 $ 0 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? Specific Identification Weighted Average O LIFO FIFO