Montoure Company uses a periodic inventory system. It entered into the following calendar-year purchases and sales transactions. Units Sold at Retail Date Activities Beginning Jan. 1 inventory Feb. 10 Purchase Units Acquired at Cost 690 units @ $80.00 per unit 445 units @ $77.00 per unit 245 units @ $62.00 per unit Mar. 13 Purchase Mar. 15 Sales @ $110.00 845 units per unit Aug. 21 Purchase 190 units @ $85.00 per unit 590 units @ $81.00 per unit Sept. 5 Purchase Sept. 10 Sales 780 units @ $110.00 per unit 1,625 units Totals 2,160 units Required: 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 identification. For specific identification, units sold consist of 690 units from beginning inventory, 255 from the February 10 purchase, 245 from the March 13 purchase, 95 from the August 21 purchase, and 340 from the September 5 purchase. 4. Compute gross profit earned by the company for each of the four costing methods. Complete this question by entering your answers in the tabs below. Required Required Required Required 1 2 3 4 Compute cost of goods available for sale and the number of units available for sale. Cost of goods available for sale Number of units available for sale units Required Required Required Required 1 2 3 4 Compute the number of units in ending inventory. Ending inventory units Montoure Company uses a periodic inventory system. It entered into the following calendar-year purchases and sales transactions. Units Sold at Retail Date Activities Jan. 1 Beginning inventory Feb. 10 Purchase Units Acquired at Cost 690 units @ $80.00 per unit 445 units @ $77.00 per unit 245 units @ $62.00 per unit Mar. 13 Purchase Mar. 15 Sales 845 units @ $110.00 per unit Aug. 21 Purchase 190 units @ $85.00 per unit 590 units @ $81.00 per unit Sept. 5 Purchase Sept. 10 Sales 780 units @ $110.00 per unit 1,625 units Totals 2,160 units Required: 1. Compute cost of goods available for sale and the number of units available for sale. 2. Compute the number of units endi inventory. 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 690 units from beginning inventory, 255 from the February 10 purchase, 245 from the March 13 purchase, 95 from the August 21 purchase, and 340 from the September 5 purchase. 4. Compute gross profit earned by the company for each of the four costing methods. Complete this question by entering your answers in the tabs below. 4 Required Required Required Required 1 2 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 690 units from beginning inventory, 255 from the February 10 purchase, 245 from the March 13 purchase, 95 from the August 21 purchase, and 340 from the September 5 purchase. (Round your average cost per unit to 2 decimal places. Round your final answers to the nearest whole dollar amount.) Show less Ending Inventory (a) FIFO (b) LIFO (cWeighted average Specific (d) identification Montoure Company uses a periodic inventory system. It entered into the following calendar-year purchases and sales transactions. Units Sold at Retail Date Activities Jan. Beginning 1 inventory Feb. 10 Purchase Units Acquired at Cost 690 units @ $80.00 per unit 445 units @ $77.00 per unit 245 units @ $62.00 per unit Mar. 13 Purchase Mar. 15 Sales 845 units @ $110.00 per unit Aug. 21 Purchase 190 units @ $85.00 per unit 590 units @ $81.00 per unit Sept. 5 Purchase Sept. 10 Sales 780 units @ $110.00 per unit 1,625 units Totals 2,160 units Required: 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 identification. For specific identification, units sold consist of 690 units from beginning inventory, 255 from the February 10 purchase, 245 from the March 13 purchase, 95 from the August 21 purchase, and 340 from the September 5 purchase. 4. Compute gross profit earned by the company for each of the four costing methods. Complete this question by entering your answers in the tabs below. Required Required Required Required 1 2 3 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. Round your final answers to the nearest whole dollar amount.) Show less FIFO LIFO Weighted Specific Average identification Sales Less: Cost of goods sold Gross profit