of goods available for sale and the mamber of units available for sale. the number of units in ending inventory Colpte the cost assigned to ending inventory using (a) FIPO, () LIFO, (c) weighicd sverags, and identification. (Round all amounts to cents.) t earned by the company for each of the four costing methods in part 3. Compute gross profit information in Problem 5.-IA and assume the perpetual inventory system is to the is used. Problem 5-2A of goods available for sale and the number of units available for sale. f. Compute cost ows P3 the number of anits in ending inventory ne the cost issigned to ending inventory using (a) FIFO, (b) LR, (c) weighted average, a Check 3Ending inven FFO 314 800 UFO mens nou s. Compute identification. (Round all amounts to cents.) gross peofi earned by the company for each of the four costing methods in part 3. 4) LFO Grows $17580 ompan) periodic inventory system. It entered into the following calendar-year pur. Problem 5-3A Montoure Compan Monio nd sales sFor specific identification, units sold consist of 600 units from beginning Periodik: Alberna chasetory, 300 fron bruary 10 purchase. 200 from the March 13 purchase, 50 from the August 21 flows purchase, and 250 eptember 5 purchase.) . P1 Units Acquired at Cost 600 units o $45.00 per unit 400 units e $42.00 per unt Date Units Sold at Retail Feb 10 Purchase Mar. 13 Purchase Mar 15 Sales Aug. 21 Purchase Sep. 5 Purchase Sep. 10 Sales 800 units o $75.00 per unit 100 units @$50.00 per unit 500 units e $4600 per 60 unts e $75,00 per wilt Totals. 1,800 units 1,400 units Required 1. Compute cost of goods available for sale and the number of units 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. (c) weighted average, and (d) specific identification. (Round all amounts to cents.) Compute gross profit earned by the company for each of the four costing methods in part 3. Analysis Component 5. If the company's manager earns a bonus based on a percent of gross profit, which method of inventory costing will the manager likely prefer