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 soldat Retail Jan 1 Beginning inventory 6ee units 540 per unit Feb. 10 Purchase 400 units 537 per unit Mar 13 Durchase 190 units $15 per unit Mar. 15. Sales 15 units 570 per unit Aug. 21 Purchase 190 units 545 per unit Sept. 5 Purchase sse units 543 per unit Sept. 10 Sales 700 units 570 per unit Totals 1.930 units 1.545 units 3. Compute the cost assigned to ending Inventory using (a) FIFO (LIFO, (weighted average, and (d) specific identification For specific identification, units sold consist of 600 units from beginning inventory, 300 from the February 10 purchase. 190 from the March 13 purchase. 140 from the August 21 purchase, and 315 from the September 5 purchase. Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending Inventory using weighted average. (Round your average cost per unit to 2 decimal places.) Weighted Averago Perpetual Goods Purchased Cost of Goods Sold Instintory Balance # of Cost per of units Cost per cost per Date w of units Inventory Cost of Goods Sold units unit sold unit unit Balance Jant 600 $ 40.00 $ 24,000.00 Fob 10 Average Mar 13 M 15 Cost of Goods Sold Weighted Average Perpetual: Goods Purchased # of Cost per Date units unit Jan 1 # of units sold Cost per cost of Goods Sold Inventory Balance # of units Cost per Inventory unit Balance 600 $ 40.00 $ 24,000.00 unit Feb 10 Average Mar 13 Mar 15 Aug 21 Average Sept 5 Sept 10 Totals $ 0.00 Compute the cost assigned to ending Inventory using specific identification For specific Identification, units sold consist of 600 units from beginning Inventory, 300 from the February 10 purchase, 190 from the March 13 purchase, 140 from the August 21 purchase, and 315 from the September 5 purchase. (Round your average cost per unit to 2 decimal places.) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Cost per #of units Cost of Goods # of units Cost per Cost per Goods # of units Ending unit Available sold unit in ending Sold unit inventory Inventory for Sale Beginning inventory 600 $ 40.00 $ 27.000 $40.00 $ 0 Purchases Fob 10 400 537.00 16.000 300 $37.00 11.100 100 $ 37.00 3,700 March 13 190S 1500 5,400 0 5 1500 0 Aug 21 190 $ 45.00 5,000 0 $ 45.00 0 Sep 5 550 $43.00 23,000 5 43.00 0 Total 1,930 $ 77,200 300 5 11.100 100 $ 3.700 ( Weighted Average Specific 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 $ 05 05 0 05 5. The company's manager earns 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 Specific identification OUFO