Please do FIFO, LIFO, Weighted Average, and Specific ID

Montoure Company uses a perpetual Inventory system. It entered into the following calendar-year purchases and sales transactions Date Activities Units Acquired at Cost Units sold at Retail January 1 Beginning inventory 680 units @ $40 per unit February 10 Purchase 320 units $37 per unit March 13 Purchase 170 units $25 per unit March 15 Sales 800 units $85 per unit August 21 Purchase 110 units $45 per unit September 5 Purchase 470 units $42 per unit September 10 Sales 580 units $85 per unit Totals 1,758 units 1,380 units Required: 1. Compute cost of goods available for sale and the number of units available for sale. Cost of goods available for sale Number of units available for sale $ 67 980 1.750 units 2. Compute the number of units in ending inventory Ending inventory 370 unids 3. Compute the cost assigned to ending inventory using (6) FIFO. () LIFO, () Welghted average, and (c) specific identification (For specific identification units sold consist of 680 units from beginning inventory, 220 from the February 10 purchase, 170 from the March 13 purchase, 60 from the August 21 purchase, and 250 from the September 5 purchase) Complete this question by entering your answers in the tabs below. Perpetual Fifo Perpetual UFO 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 Goods Purchased Cost of Goods Sold Inventory Balance Date of units Cost per of units Cost per Cost of Goods Sold W of units Cost per sold Inventory unit unit Balance January 1 680 at 540.00 $ 27.200.00 unit February 10 Total February 10 March 13 Total March 13 March 15 Total March 15 August 21 Total August 21 September Total September September 10 Total September 10 Totals S 000 $ 000 Perpetual LIFO > 4. Compute gross profit eamed by the company for each of the four costing methods (Round your average cost per unit to 2 decimal places.) FIED LIFO Weighted Average Specific Identification Sale Less: Cost of goods sold Gross profit $ DS 0 $ OS 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? Specific Identification Weighted Average FIFO LIFO