Montoure Company uses a periodic inventory system. It entered into the following calendar-year purchases and sales transactions. Units Sold at Retail Units Acquired at Cost 800 units @ $90.00 per unit 500 units @ $87.00 per unit 300 units @ $72.00 per unit Date Activities Jan. 1 Beginning inventory Feb. 10 Purchase Mar. 13 Purchase Mar. 15 Sales Aug. 21 Purchase Sept. 5 Purchase Sept. 10 Sales Totals 900 units @ $120.00 per unit 300 units @ $95.00 per unit 700 units @ $91.00 per unit 1,080 units @ $120.00 per unit 1,980 units 2,600 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 800 units from beginning inventory, 200 from the February 10 purchase, 300 from the March 13 purchase, 150 from the August 21 purchase, and 530 from the September 5 purchase. 4. Compute gross profit earned by the company for each of the four costing methods. Required 1 Required 2. Required 3 Required 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 1 Required 2 > Required 1 Required 2 Required 3 Required 4 Compute the number of units in ending inventory. Ending inventory units Required 1 Required 3 > Required 1 Required 2 Required 3 Required 4 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 800 units from beginning inventory, 200 from the February 10 purchase, 300 from the March 13 purchase, 150 from the August 21 purchase, and 530 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 A Ending Inventory (a) FIFO (b) LIFO (C) Weighted average (d) Specific identification