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Problem 5-3A Perpetual: Alternative cost flows LO P1 Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions

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Problem 5-3A Perpetual: Alternative cost flows LO P1 Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions 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) FFO, (b) LIFO. (d) weighted average, and (d) specific identification. For specific identification, units sold consist of 540 units from beginning inventory, 220 from the February 10 purchase, 100 from the March 13 purchase, 70 from the August 21 purchase, and 360 from the September 5 purchase: Complete this question by entering your onswers in the tabs below. Compute the cost assigned to ending inventory using fIfo. (Round your average cost per unit to 2 decimal places.) Perpetual FIFO: \& Perpetual FIFO Perpetual LIFO > Perpetual LIFO: 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, units sold consist of 540 units from beginning inventory. 220 from the February 10 purchase, 100 from the March 13 purchase, 70 from the August 21 purchase, and 360 from the September 5 purchase. Complete this question by entering your answers in the tabs below. Compute the cost assigned to ending ifventory using weighted average. (Round your average cost per unit to 2 decimal places.) \& Perpetual L.IF0 Spocific ld > Compute the cost assigned to ending inventory using specific identification. For specific identification, units sold consist of 540 units from beginning nventory, 220 from the February 10 purchase, 100 from the March 13 purchase, 70 from the August 21 purchase, and 360 from the 5 eptember 5 purchase. (Round your overage cost per unit to 2 decimal places.)

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