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Montoure Company uses a perpetual inventory system, It entered into the following calendar-year 2016 system. it entered into the following calendar-year 2016 purchases and sales

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Montoure Company uses a perpetual inventory system, It entered into the following calendar-year 2016 system. it entered into the following calendar-year 2016 purchases and sales transaction units Acquired at Cost Sold at Retail Jan. 1 Beginning inventory Feb. 10 Purchase Mar. 13 Purchase Mar. 15 Sales Aug. 21 Purchase Sept. 5 Purchase Sept. 10 Sales 570 units$50.00 per unit 380 units@$47.00 per unit 190 units@ $35.00 per unit 200 units@$55.00 per unit 590 units @ $53.00 per unit 700 units $75.00 per unit 790 units 1,490 units @$75.00 per unit Totals 1,930 units Required 1. Compute cost of goods available for sale and the number of units available for sale. Cost of goods available for sal95.280 Number of units available for sale1 1,930 units 2. Compute the number of units in ending inventory 440 3. Cor pute the cost assigned to ending inventory using (a) FIF(b) LFO (e) weighted a erage, and (d specifc identiscation. For specific identification, units sold consist of 570 units from beginning inventory. 280 from the February 10 purchase, 190 from the March 13 purchase, 150 from the August 21 purchase, and 300 from the September 5 purchase. (Round your average cost per unit to 2 decimal places Ending Invent (a) FIFO b) LIFO (d) Specific identification Compute gross profit earned by the company for edth of the four costing methods. (Round your average cost per unit to 2 decimal places) d Specific FIFO LIFO Identification Sales Less Cost of goods sold Gross profit

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