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Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions Date Activities Units Acquired at Cost Jan. 1

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Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions Date Activities Units Acquired at Cost Jan. 1 Beginning inventory Units Sold at Retail 540 units 555 per unit Feb. 10 Purchase 460 units @ $53 per unit Mar. 13 Purchase 100 units $40 per unit Mar 15 Sales 745 units 580 per unit Aug. 21 Purchase 170 units@ $61 per unit Sept. 5 Purchase 430 units $54 per unit Sept. 10 Sales 600 units 580 per unit Totals 1,700 units 1,345 units ce 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 5 91,670 1.700 units 2. Compute the number of unitsin ending inventory 355 4. Compune gross profit earned by the company for each of the four costing methods (Round your average cost per unit to 2 decimal places.) FO LIFO Weighted Average Specilic Identification Sales Les Cost of goods sold Gross profil 5 72,500 72.145 12 500) (12.145) S 72 216 (12,216) 72.250 72 250) 5. The company's manager earns a bonus based on a percent of gross profit Which method of inventory costing produces the lughest bonus for the manager Weighted Average Specific Identification UFO OFFO

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