Questions:

$1.$ 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. $($For specific identification, units sold consist of $600$ units from beginning inventory, $300$ from the February $10$ purchase, $200$ from the March $13$ purchase, $50$ from the August $21$ purchase, and $250$ from the September $5$ purchase.$)$ Note: $[[$Round your average cost per unit to $2$ decimal places.$]]$

$4.$Compute gross profit earned by the company for each of the four costing methods $($Weighted Average, FIFO, LIFO, and Specific Identification$).$ Note: $[[$Round your average cost per unit to $2$ decimal places.$]]$

$5.$Montoure Company uses a perpetual inventory system. It entered into the following calendar$-$year purchases and sales transactions.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?

$($Weighted Average, FIFO, LIFO, or Specific Identification$)$