Montoure Company uses a periodic inventory system. It entered into the following calendar-year purchases and sales transactions, Date Activities Units Acquired at cost Units Sold at Retail January 1 Beginning inventory 685 units $45.00 per unit Tebruary 10 Purchase 570 units $42.00 per unit March 13 Purchase 285 units $27.00 per unit March 15 Sales 1,140 units $75.00 per unit August 21 Purchase 185 units $50.00 per unit September 5 Purchase 585 units $46.00 per unit September 10 Sales 770 unit 575.00 per unit Totals 2,310 units 1,910 units Boch Required: 3. Compute the cost assigned to ending Inventory using (a) FIFO (6) LIFO. (weighted average, and (d) specific identification. For specific identification, units sold consist of 685 units from beginning inventory, 385 from the February 10 purchase, 285 from the March 13 purchase, 135 from the August 21 purchase, and 420 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.) Ending Inventory $ 18,400 $ 18,000 (a) FIFO (b) LIFO (c) Weighted average (d) Specific identification 1 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.) FIFO $ Sales Less: Cost of goods sold Gross profit 143.250 $ 80,220 63,03015 LIFO Weighted Specific Average Identification 143.250 $ 143,250 $ 143,250 80,620 62,630 5 143,250 $ 143,250 $