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 $560$ units from beginning inventory, $340$ from the February $10$ purchase, $140$ from the March $13$ purchase, $130$ from the August $21$ purchase, and $260$ from the September $5$ purchase.$)$

$||||$ Perpetual FIFO $||$ Perpetual LIFO $||$

$\backslash$table$[[\backslash$table$[[$Weighted$],[$Average$]],\backslash$table$[[$Specific$],[$Identification$]]]]$

Compute the cost assigned to ending inventory using FIFO.

Note: Round your average cost per unit to $2$ decimal places.

$\backslash$table$[[$Perpetual FIFO:$],[$Date$,$Goods Purchased,Cost of Goods Sold,Inventory Balance$],[$# of units,$\backslash$table$[[$Cost$],[$per$],[$unit$]],\backslash$table$[[$# of units$],[$sold$]],\backslash$table$[[$Cost$],[$per$],[$unit$]],\backslash$table$[[$Cost of Goods$],[$Sold$]],$# of units,$\backslash$table$[[$Cost$],[$per$],[$unit$],[$$

$38$

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

points

$00$:$39$:$13$

Required:

Compute cost of goods available for sale and the number of units available for sale.

References

$\backslash$table$[[$Cost of goods available for sale,,$],[$Number of units available for sale,$1,860,$units$]]$

Compute the number of units in ending inventory.

$*$PLEASE ANSWER$**3.$ 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 $560$ units from beginning inventory, $340$ from the February $10$ purchase, $140$ from the March $13$ purchase, $130$ from the August $21$ purchase, and $260$ from the September $5$ purchase.$)****$

$***$PLEASE ANSWER$****$

$4.$ Compute gross profit earned by the company for each of the four costing methods. Note: round your average cost per unit to two decimal places.