Montoure Company uses o perpetual inventory syatem. It entered into the following calenderyear purchases and sales trensactiona.

$0$ate

Date

Fistuary $18$

Narch $13$

March $15$

Aegust $21$

Septioner $5$

Soptentoer $10$

Required:

Compute coat of goods svalsble for sale and the number of units svalsble for sole.

Compute the number of unlts in ending inventory.

Compute the cost asa'gned to ending inventory uaing $($s$)$ FIFO, $($b$)$ LIFO, $($c$)$ weighted sversge, and $($c$)$ spectic identification. $($For

speclfic identification, unla sold conalat of $700$ unlta from beginning inventory, $200$ from the February $10$ purchase, $100$ from the

March $13$ purchase, $60$ from the August $21$ purchase, and $400$ from the September $5$ purchase.$]$

Complete this question by entering your answers in the tabs below.

Compute the coat aseigned to ending linventory using FIFO.

Note: Found your average cost per unit to $2$ decimal places.

Compute groas profit earned by the company for each of the four coating method:

Note: Round your average cost per unit to $2$ declmal places. $5.$The company$$s manager earns a bonus based on a percent of gross profit. Which method of inventory costing produces the highest bonus for the manager?

multiple choice

Specific Identification

FIFO

LIFO

Weighted Average