Montoure Company uses a perpetual Inventory system. It entered into the following calendar-year purchases and sales transactions Date Activities Units Acquired at Cont Units Sold at Retail Jan. 1 Beginning inventory 600 units $45 per unit Feb. 10 Purchase 400 units $42 per unit Mar. 13 Purchase 200 unita e $27 per unit Mar. 15 Sales 800 units $75 per unit Aug. 21 Purchase 100 unito . $50 per unit Sept. 5 Purchase 500 unitse $46 per unit Sept. 10 Sales 600 unita $75 per unit Totals 1,800 units 1,400 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 $ 1,800 1,400 units 2. Compute the number of units in ending inventory. Erding inventory 400 units 3. Compute the cost assigned to ending inventory using (FIFO, (C) LIFO, ( weighted average, and (c) specific identification. For specific identification, unts sold consist of 600 units from beginning inventory, 300 from the February 10 purchase, 200 from the March 13 purchase, 50 from the August 21 purchase, and 250 from the September 5 purchase. Complete this question by entering your answers in the tabs below. Weighted Perpetual Fero Perpetual UFO Average Specific id Compute the cost assigned to ending Inventory using specific identification. For specific identification, units sold consist of 600 units from beginning Inventory, 300 from the February 10 purchase, 200 from the March 13 purchase, 50 from the August 21 purchase, and 250 from the September purchase. (Round your average cost per unit to 2 decimal places.) Cost of Goods Sold Ending Inventory of units Cost per sold unit Cost of Goods Sold of units in ending Inventory Cost per unit Ending Inventory 0 $ 45.00 $ 0 Specific Identification Cost of Goods Available for Sale Cost of of units Cost per Goods unit Available for Sale Beginning inventory 800 $ 45.00 5 27.000 Purchases Feb 10 400 S 42.00 16.800 March 13 200 $ 27.00 5.400 Aug 21 100 $50.00 5.000 Sep 5 500 $ 46.00 23.000 Total 1.800 $ 77,200 300 $ 42.00 12.600 0 0 100 $ 42.00 $ 27.00 $50.00 $ 46,00 100 4200 0 0 0 $ 4200 300 5 12.600 Walghiad Average 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.) FIFO UFO Wolghted Average Specific Identification Sales Less Cost of goods sold Gross profit $ 0 $ OS 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 FIFO Weighted Average Specific Identification