Montoure Company uses a prrpetual inventory system. it entered itno the following calendar-year and sales transacutions.

Problem 5-4AA (Algo) Perpetual: Alternative cost flows LO P3 Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions Units sold or Retail uits Acquired at Costs 670 units@ $45 per unit 540 units a $4) per unit 270 units @ $27 per unit Date Activities Jan. 1 Beginning inventory Feb. 1e Purchase Mar. 13 Purchase Mar. 15 Sales Aug. 21 Purchase Sept. 5 Purchase Sept. 10. Sales Totals 940 units 175 per unit 170 units $50 per unit 710 units 546 per unft 380 units 375 per unit 1.320 units 2,360 units Required: 1. Compute cost of goods available for sale and the number of units available for sale S Cost of goods available for sale Number of unins avalable for sale 101280 2.360 units NO 2. Compute the number of units in ending inventory Ending inventory 540 units 3. Compute the cost assigned to ending inventory using HFO ILIFO. (d weighted average, and (o specific identification For specific identification, units sold consist of 670 units from beginning inventory.440 from the February 10 purchase 270 from the March 13 purchase, 120 from the August 21 purchases, and 320 from the September 5 purchase) 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 670 units from beginning Inventory, 440 from the February 10 purchase, 270 from the Man 13 purchase, 120 from the August 21 purchase, and 320 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 FIFO. (Round your average cost per unit to 2 decimal places.) Perpetual FIFO Date Cloods Purchased of Cost per units unit Cost of Goods Sold of units Cost per cost of Goods Sold sold unit Inventory Balance # of units Cost per Inventory unit Balance 670 3 45.00 $ 30,150,00 Jan 1 Feb 10 540 $ 42.00 070 540 545.00 $ 42.00 Mar 13 2701 $ 27.00 070 540 2701 $ 45,00 - $ 42.00 $ 27.00 $ 30,150.00 22,080.00 $ 52.830.00 5 30.150.00 22,680.00 7/200,00 $ 60 120.00 Mar 15 870 @ $ 45,00 5 42.00 o @ $ 30,150.00 0.00 $ 30.150.00 $ 42.00 $ 27.00 Aug 21 1701 $50.00 elole $ 42.00 $ 27.00 $ 50.00 Sept 5 Sept 10 Totals $ 30,150.00 5 0.00 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 V Sales Less Cost of goods sold Gross profit $ 03 0S o 5. The company's manager earns a bonus based on a percent of gross profit Which method of inventory costing produces the hig bonus for the manager: FIFO Specific identification OLIFO Weighted Average