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Montoure Company uses a perpetual Inventory system. It entered into the following calendar-year purchases and sales transactions Units Sold at Retail Units Acquired at cost

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Montoure Company uses a perpetual Inventory system. It entered into the following calendar-year purchases and sales transactions Units Sold at Retail Units Acquired at cost 625 units $45 per unit 450 units 342 per unit 225 units 527 per unit Date Activities Jan. 1 Teginning inventory Feb. 10 Purchase Mar. 13 Purchase Mar 15 Sales Aug. 21 Purchase Sept. 5 Purchase Sept. 10 Sales Total 850 units 35 per unit -27 125 nits @ $50 per unit 575 units@ $46 per unit 2.000 units 700 units $75 per wie 1,550 wits 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 before $ 15 800 2000 units 2. Comte the number of unitsin ending inventory Required: 1. Compute cost of goods available for sale and the number of units available for sale, 5 Cost of goods available for sale Number of units available for sale 85 800 2.000 unts book Relerenom 2. Compute the number of units in ending Inventory Encina inventory 3. Compute the cost assigned to ending invertory using (FFO (LIFO. (weighted average and specific identification. (For Specific Identification units sold consist of 625 units from beginning inventory, 150 from the February 10 purchase. 225 from the March to purchase. 75 from the August 21 purchase, and 275 from the September 5 purchase 8 Cost per Date #of units Cost per unit of units sold of units Cost of Goods Sold unit Cost per Inventory unit Balance $45.00 $28125 00 Jan 1 825 Fob 10 int 12:17 Mar 13 ook Me 15 Aug 21 Sept 5 Sept 10 Totals 3 0.00 5 0.00 Per Perpetual LIFO > 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 LIFO Weighted Average Specific Identification Sales Less Cost of goods sold Gross profit $ 0$ 0$ 0 $ 5. The company's manager cams a bonus based on a percent of gross profit. Which method of Inventory costing produces the highest bonus for the manager? O FIFO Weighted Average O UFO Specific identification

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