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Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions. Activities Units Acquired at Cost 600 units $35

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Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions. Activities Units Acquired at Cost 600 units $35 per unit 300 units $32 per unit 150 unitse $20 per unit Units Sold at Retail Date Jan. 1 Beginning inventory Feb. 10 Purchase Mar. 13 Purchase Mar. 15 Sales 725 unitse $80 per unit Aug. 21 Purchase Sept. 5 Purchase 190 units $40 per unit 540 units e $37 per unit 730 unitse $80 per unit Sept. 10 Sales 1,780 units 1,455 units Totals Required: 1. Compute cost of goods available for sale and the number of unlts available for sale 2. Compute the number of units in ending inventory 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, ( weighted average, and (d) specific identlfication. For specific identification, units sold consist of 600 units from beginning inventory, 200 from the February 10 purchase, 150 from the March 13 purchase, 140 from the August 21 purchase, and 365 from the September 5 purchase. (Round your average cost per unit to 2 decimal places.) 4. Compute gross profit earned by the company for each of the four costing methods. (Round your average cost per unlt to 2 decimal places.) Complete this question by entering your answers in the tabs below Required 1Required 2 Required 3 Required 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.) Specific FIFO LIFO Average Sales Less: Cost of sold Gross profit

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