Montoure Company uses a perpetual inventory system. It entered into the following calendar-year 2013 purchases and sales transactions.

4.Compute gross prot earned by the company for each of the four costing methods. (Round your average cost per unit to 2 decimal places.} |_|| Less: Cost of 90cm 50M |_|| $ 0 $ 0 $ 0 Gross prot Date Activities Units Acquired at Cost Units Sold at Retail Jan. 1 Beginning inventory 700 units @ $50/unit Feb. 10 Purchase 300 units @ $46/unit Mar. 13 Purchase 100 units @ $40/unit Mar. 15 Sales 780 units @ $70/unit Aug. 21 Purchase 110 units @ $55/unit Sept. 5 Purchase 570 units @ $52/unit Sept. 10 Sales 680 units @ $70/unit Totals 1,780 units 1,460 units Required: 1. Compute cost of goods available for sale and the number of units available for sale. Cost of goods available for sale $ 88,490 Number of units available for sale 1,780 units 2. Compute the number of units in ending inventory. Ending inventory 320 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 700 units from beginning inventory, 200 from the February 10 purchase, 100 from the March 13 purchase, 60 from the August 21 purchase, and 400 from the September 5 purchase. (Round your average cost per unit to 2 decimal places.) Ending Inventory (a FIFO (b LIFO (c) Weighted average (d) Specific identification