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rome File Edit View History Bookmarks People Window Help Secure https CHAPTER 6- HOMEWORK Help Save&Exit Submit Check my work 2 Problem 6-4AA Periodic: Alternative cost flows LO P3 Montoure Company uses a periodic inventory system. It entered into the following calendar-year purchases and sales 15 points 7an. Beginning inventory 770 wnite $75.80 per unit 485 anits$72.00 per unit 285 unita@ 57.00 per unit s uniee $105.00 per unit 270 units 80.00 per unit 670 unite 57609 per unit Nag. 21 Purchase ebeoSept S Parchase Sept. 10 Sales 1 020 unite 6105.00 per unit 1,905 unita Required: aoterences1. 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()FIFO, (b) LIFO, Id weighted average, and ld) specific identification For specific identification units sold consist of 770 units from beginning inventory, 215 from the February 10 purchase, 285 from the March 13 purchase, 135 from the August 21 purchase, and 500 from the September 5 purchase. (Round your average cost per unit to 2 decimal places. Round your final answers to the nearest whole dollar amount. Weighted average 4. Compute gross proft earned by the company for each of the four costing methods. (Round your average cost per unit to 2 deciemal places. Round your final answers to the nearest whole dolilar amount) Prev 2 of 7 Next>