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 Jan. 1 Beginning inventory 650 units @ $60.00 per unit Feb. 10 Purchase 425 units $57.00 per unit Mar. 13 Purchase 225 units @ $42.00 per unit Mar. 15 Sales 825 units & $90.00 per unit Aug. 21 Purchase 150 units@ $65.00 per unit Sept. 5 Purchase 550 units @ $61.00 per unit Sept. 10 Sales 7ee units @ $90.00 per unit Totals 2,000 units 1,525 units Required: 1. 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 2. Compute the number of units in ending inventory 2. Compute the number of units in ending inventory Ending inventory units 3. Compute the cost assigned to ending inventory using (2) FIFO. (6) LIFO. (weighted average, and (cspecific identification. For specific identification units sold consist of 650 units from beginning inventory, 275 from the February 10 purchase, 225 from the March 13 purchase. 75 from the August 21 purchase, and 300 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) IFO (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? OLIFO Specific Identification O Weighted Average O FIFO