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question 3 need thw Perpetual FIFO, Perpetual LIFO, Weighted Average and Specific ID

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Problem 6-3A Perpetual: Alternative cost flows LO P1 Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions Units Sold at Retail Units Acquired at Cost 620 units @ $45 per unit 310 units @ $42 per unit 120 units $30 per unit Date Activities Jan. 1 Beginning inventory Eeb. 10 Purchase Mar. 13 Purchase Mar. 15 Sales Aug. 21 Purchase Sept. 5 Purchase Sept. 20 Sales Totala 770 units $85 per unit 190 units@ $50 per unit $20 units @ $48 per unit 710 units @ Ses per unit 1.480 units 1.-760 unita 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 units 2 Compute the number of units in ending inventory. Erdventory Saved 3. Compute the cost assigned to ending inventory using (a) FIFO.(6) LIFO. ( weighted average, and (d) specific identification. For specific identification, units sold consist of 620 units from beginning inventory 210 from the February 10 purchase, 120 from the March 13 purchase 140 from the August 21 purchase, and 390 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: Goods Purchased Wol Cost por units Date Cost of Goods Sold Cost per of units sold Cost of Goods Sold unit Inventory Balance Cost per Inventory # of units unit Balance 6201 $ 45.00 $ 27,900.00 Jan 1 Feb 10 Mar 13 Mar 15 Aug 21 Sept 5 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 Sales Less Cost of goods sold Gross profit $ 05 0 s OS 0 5. The company's manager eams a bonus based on a percent of gross profit. Which method of inventory costing produces the highest bonus for the manager? O Specific identification O FIFO OLIFO Weighted Average