Montoure Company uses a perpetual inventory system. It entered into the following calendar year purchases and sales transactions Units Acquired at Cost Units Sold at Retail 660 units @ $35 per unit 330 units@ $32 per unit 110 units @ $20 per unit Date Activities Jan. 1 Beginning inventory Feb. 10 Purchase Mar. 13 Purchase Mar. 15 Sales Aug. 21 Purchase Sept. 5 Purchase Sept. 10 Sales Totals 760 units @ $75 per unit 180 units @ $40 per unit 570 units @ $36 per unit 750 units @ $75 per unit 1,510 units 1,850 units Required: 3. Compute the cost assigned to ending Inventory using (a) FIFO, (D) LIFO. (weighted average, and (dspecific Identification. For specific identification, units sold consist of 660 units from beginning inventory 230 from the February 10 purchase, 110 from the March 13 purchase, 130 from the August 21 purchase, and 380 from the September 5 purchase. Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Average Specific Id Compute the cost assigned to ending inventory using FIFO. (Round your average cost per unit to 2 decimal places.) Perpetual FIFO: Goods Purchased of Cost per units unit # of units sold Cost of Goods Sold Cost per Cost of Goods Sold unit Inventory Balance # of units f it Cost per Inventory unit Balance 660 @ $ 35.00 = $ 23,100.00 660 35001 = $ 22 100 001 Jan 1 Een in 320522001 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 UFO $ Sales Less Cost of goods sold Gross profit 113,250 51,340 61,910 Weighted Average $ 113,250 51,476 $ 61,774 Specific Identification $ 113,250 5 1,540 $ 61,710 $ $ 0