Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions Units Sold at Retail 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 Units Acquired at Cost 600 units@ $40 per unit 360 units @ $37 per unit 150 units@ $25 per unit 200 units@ $45 per unit 580 units@ $42 per unit 765 units Sio per unit 700 units 580 per unit 1,545 units 1,890 units 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 available for sale 574430 1090 units 3. Compute the cost assigned to ending inventory using (a FIFO, (LIFO.Id weighted average, and (d) specific identification. For specific identification units sold consist of 600 units from beginning inventory. 260 from the February 10 purchase, 150 from the March 13 purchase, 150 from the August 21 purchase, and 385 from the September 5 purchase Complete this question by entering your answers in the tabs below. Perpetual FIFD Perpetual UFO Weighted Average Specificid Specific Identification Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Comol Goods #of units unit Available For Sale 600 $ 4000 $ 27,000 Cost per # of units Cost per soll unit Cost of Goods Sold Vol units in ending inventory Cost per unit Ending Inventory 0 $40.00 $ 0 260 $37.00 3,700 Beginning inventory Purchases Feb 10 March 13 Aug 21 Sep 5 TO 360 537.00 150 S 25.00 200 S 45.00 530 $ 42.00 1090 16.800 5.400 5.000 23,000 5 77,200 9.620 0 of 100 5 3700 5.00 $ 45.00 $ 42.00 100 0 260 S 9,620 0 $ 3,700 Prey 3 of 4 Next > 4. Compute gross profit eamed by the company for each of the four costing methods. (Round your average cost per unit to 2 decimal places) K FIFO LIFO Weighted Average Specific Identification Sales Less Cost of goods sold Gross profit $ DS 0$ 0$ 5. The company's manager earns a bonus based on a percent of gross profit. Wich method of inventory costing produces the highest bonus for the manager