Montoure Company uses a periodic inventory system. It entered into the following calendar-year purchases and sales transactions. Date Units Sold at Retail Units Acquired at Cost 670 units @ $45.00 per unit 540 units @ $42.00 per unit 270 units @ $27.00 per unit Activities January 1 Beginning inventory February 10 Purchase March 13 Purchase March 15 Sales August 21 Purchase September 5 Purchase September 10 Sales Totals 1,080 units @ $75.00 per unit 170 units 570 units @ $50.00 per unit @ $46.00 per unit 740 units@ $75.00 per unit 1,820 units 2,220 units Required: 1. Compute cost of goods available for sale and the number of units available for sale. $ 94,840 Cost of goods available for sale Number of units available for sale 2,220 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, (6) LIFO, (C) weighted average, and (d) specific identification. For specific identification, units sold consist of 670 units from beginning inventory, 370 from the February 10 purchase, 270 from the March 13 purchase, 120 from the August 21 purchase, and 390 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 (a) FIFO (b) LIFO (c) Weighted average (d) Specific identification 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 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? O FIFO OLIFO Weighted Average Specific Identification