Aloha Company uses a periodic inventory system. It entered into the following calendar-year 2016 purchases and sales transactions. (For specific identification, the May 9 sale consisted of 80 units from beginning inventory and 100 units from the May 6 purchase and the May 30 sale consisted of 200 units from the May 6 purchase and 100 units from the May 25 purchase.)

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.)
4. 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?

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Date Activities Units Acquired at Cost Units Sold at Retail Muy Muy May " 9 Neypillliag: inem"y hndca ce, Sales IM) เต.is @ SMM1Wpes. "¡¡¡ 3M) เอ.is @SINO.43t5pesr unli 180 units $1,200.00 per unit May 25. May 30 Mnhea ce, Sales Total เตง) เอ.is @seault5pesr ulik 00 units 480 units $1,400.00 per unit 680 units