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Montoure Company uses a perpetual inventory system. It entered into the following calendar - year purchases and sales transactions. Date Activities Units Acquired at Cost

Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions.
Date Activities Units Acquired at Cost Units Sold at Retail
January 1 Beginning inventory 570 units @ $50 per unit
February 10 Purchase 380 units @ $47 per unit
March 13 Purchase 190 units @ $35 per unit
March 15 Sales 700 units @ $75 per unit
August 21 Purchase 200 units @ $55 per unit
September 5 Purchase 590 units @ $53 per unit
September 10 Sales 790 units @ $75 per unit
Totals 1,930 units 1,490 units
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 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.)

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