Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions. Date Activities Beginning inventory Purchase January 1 February 10 March 13 March 15 August 21 September 5 Purchase Sales Purchase Purchase September 10 Sales Totals Units Acquired at Cost 620 units @ $45 per unit 310 units @ $42 per unit 120 units @ $30 per unit 190 units @ $50 per unit 520 units @ $48 per unit 1,760 units Units Sold at Retail 770 units @ $85 per unit 710 units @ $85 per unit 1,480 units 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 620 units from beginning inventory, 210 from the February 10 purchase, 120 from the March 13 purchase, 140 from the August 21 purchase, and 390 from the September 5 purchase.) Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific Identification Compute the cost assigned to ending inventory using FIFO. Note: Round your average cost per unit to 2 decimal places. Perpetual FIFO: Goods Purchased Cost of Goods Sold Date # of units Cost per unit # of units sold Cost per Cost of Goods Sold unit # of units Inventory Balance Cost per Inventory unit Balance January 1 620 at $45.00 = $ 27,900.00 February 10 Total February 10 March 13 Total March 13 March 15 Total March 15 August 21 Total August 21 September 5 Total September 5 September 10 Total September 10 Totals 0.00 $ 0.00 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 620 units from beginning inventory, 210 from the February 10 purchase, 120 from the March 13 purchase, 140 from the August 21 purchase, and 390 from the September 5 purchase.) Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific Identification Compute the cost assigned to ending inventory using LIFO. Note: Round your average cost per unit to 2 decimal places. Perpetual LIFO: Goods Purchased Cost of Goods Sold Date # of units Cost per unit # of units sold unit Cost per Cost of Goods Sold # of units 620 at January 1 February 10 Total February 10 March 13 Total March 13 March 15 Total March 15 August 21 Total August 21 September 5 Total September 5 September 10 Total September 10 Totals Inventory Balance Cost per unit Inventory Balance $45.00 = $ 27,900.00 0.00 $ 0.00