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 610 units $40.00 per unit 405 units $37.00 per unit 205 units $22.00 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 805 units $70.00 per unit 110 units. $45.00 per unit 510 units $41.00 per unit $70.00 per unit 620 units 1.425 units 1.840 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 610 units from beginning inventory, 295 from the February 10 purchase, 205 from the March 13 purchase, 55 from the August 21 purchase, and 260 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 I 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 Required 2 > Montoure Company uses a periodic inventory system. It entered into the following calendar-year purchases and sales transactions. Units sold at Retail Units Aequired at Cost 610 unita e $40.00 per unit 405 units $37.00 per unit 205 units $22.00 per unit 805 unita e $70.00 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 110 units @ $45.00 per unit 510 units e $41.00 per unit 620 units @ $70.00 per unit 1,425 units 1.840 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 610 units from beginning inventory, 295 from the February 10 purchase, 205 from the March 13 purchase, 55 from the August 21 purchase, and 260 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 1 Requirid 2 Required 3 Required 4 Compute the number of units in ending inventory. Ending Inventory 610 units $40.00 per unit 405 unitse $37.00 per unit 205 units $22.00 per unit Jan. 1 Beginning inventory Peb. 10 Purchase Mar. 13 Purchase Mar. 15 Sales Aug. 21 Purchase Sept. 5 Purchase Sept. 10 Sales Totals 805 units $70.00 per unit 110 units 510 units $45.00 per unit $41.00 per unit 620 units 1.425 units $70.00 per unit 1.840 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 610 units from beginning inventory, 295 from the February 10 purchase, 205 from the March 3 purchase, 55 from the August 21 purchase, and 260 from the September 5 purchase. 1. 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 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 sed consist of 610 units from beginning inventory, 295 from the February 10 purchase, 205 from the March 13 purchase, 55 from the August 21 purchase, and 260 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) ILIFO (c) Weighted average (d) Specific identification Check 610 units $40.00 per unit 405 units $37.00 per unit 205 units @ $22.00 per unit Jan. 1 Beginning inventory Feb. 10 Purchase Mar. 13 Purchase Mar. 15 Sales Aug. 21 Purchase Sept. 5 Purchase Sept. 10 Sales Totals 805 units $70.00 per unit 110 units 510 units $45.00 per unit $41.00 per unit 620 units e $70.00 per unit 1.425 units 1.840 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 610 units from beginning inventory, 295 from the February 10 purchase, 205 from the March 13 purchase, 55 from the August 21 purchase, and 260 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 1 Required 2 Required 3 Requirjad 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