Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions. Date January 1 February 10 March 13 March 15 5 September Activities 10 Beginning inventory Purchase August 21 Purchase September Purchase Sales Purchase Sales Totals Units Acquired at Cost @ $40 per unit 540 units @ $36 per unit @ $24 per unit 320 units 100 units 120 units 520 units 1,600 units @ $45 per unit @ $41 per unit Units Sold at Retail @ $85 per 650 units unit 640 units 1,290 units @ $85 per unit

Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. (For specific ikentification, units sold consist of 540 units from beginning inventory, 220 from the February 10 purchase, 100 from the March 13 purchase, 70 from the August 21 purchase, and 360 from the September 5 purchase.) Complete this question by entering your answers in the tabs below. from the february 10 purchase, 100 from the Mardi 13 purchase, 70 from the August 21 purchase, and 360 from the September 5 purchase.) 4. Compute gross profit earned by the company for each of the four costing methods. Note: Round your average cost per unit to 2 decimal places