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Problem 5-4AA (Static) Perpetual: Alternative cost flows LO P3 Montoure Compary uses a perpetual inventory system. It entered into the following calendar-year purchases and sales trariactonal Required: Compute cost of goods evalloble for sale and the number of units avoinble for sale. Compute the number of units in ending inventory. Compute the cost assigned to ending inventory using (o) FFFO, (L) LFO, (d) weighted average, and lo specitic identificabion (For pecitic ldenticicition, unihs sold consist of 600 units from beginning inventory. 300 from the February 10 purchase, 200 fiom til Uarcht ts puchase 50 froma the August 21 purchase, and 250 from the September 5 purchase) Camplete this question by entering vour answers in the tabs below. Corppute the cost assigned to ending inventory uning FIFO. (Round your average cost per unit to 2 decimal places) Compute gross profit eaened by the company for each of the four costing methods Note: Round your average cost per unit to 2 decimal places. The company's manager eains a bonus bated on a percent of gross profit Which method of iriventory costing produces the highest borks for the menager? (ili 0 Sencilic identification Weighted Average FIFO Computo the cost assidyed to onding inventory using (a) FFO. (B) LFO, (d) weighted average, and (o) specatic identiciconon specfic idontification, un its sold consist of 600 units from beginning inventory, 300 from the, Februacy 10 purchase, 200 fromilili Murch 13 purchase, 50 from the August 21 purchase, and 250 from the September 5 purchase) Complete this question by entering your answers in the tabs below. Compite the cost issigned to ending inventory using LIFO. (foond your werage cost per unit to 2 decimal places.) Aempote the cost assigned to ending inventary using weighted average. (Round your average cost per unit to 2 decimal plaoks) Corthute the cost assigned to ending inventary asing weighted average. (Round your average cost per unit to 2 decimul Marchc 13 purcheabon, tinits sold conistst of 600 units fiom beginning Whentory. 300 from the Fobruary 10 purchasp, 2 . March 13 purchase, 50 from the August 21 purchase. and 250 from the September 5 purchase.) Complete this question by entering your answers in the tabs below. Compute the cost assigned to ending inventory usang specic identification. For specific identification, units sold consist of 600 units from beginning inventory. from the February 10 purchase, 200 from the March 13 purchase, 50 from the August 21 purchase, and 250 from the September 5 purchase. (Routid yaur anerage cost per unit to 2 decimal ploces.) Problem 5-4AA (Static) Perpetual: Alternative cost flows LO P3 Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactons Required: Compute cost of goods avallable for sale and the number of units avallabte for sale