$\backslash$table$[[$Perpetual FIFO,Perpetual LIFO,$\backslash$table$[[$Weighted$],[$Average$]],\backslash$table$[[$Specific$],[$Identification$]],,,,,,,,],[\backslash$table$[[$Compute the cost assigned to ending inventory using specific identification. For specific identification, units sold consist of $600$ units$],[$from the February $10$ purchase, $200$ from the March $13$ purchase, $50$ from the August $21$ purchase, and $250$ from the September $5$ p$],[$Note: Round your average cost per unit to $2$ decimal places.$]]],[$Specific Identification$],[$Date$,$Goods Available for Sale,Cost of Goods Sold,Ending Inventory$],[$# of units,$\backslash$table$[[$Cost per$],[$unit$]],\backslash$table$[[$Cost of Goods$],[$Available for$],[$Sale$]],\backslash$table$[[\backslash$table$[[$# of units$],[$sold$]]]],\backslash$table$[[$Cost per$],[$unit$]],\backslash$table$[[$Cost of$],[$Goods Sold$]],\backslash$table$[[$# of units$],[$in ending$],[$inventory$]],\backslash$table$[[$Cost per$],[$unit$]],\backslash$table$[[$Ending$],[$Inventory$]]],[$January $1,600,$$ $45\mathrm{.}00,$$$,27,000,600,,45\mathrm{.}00,$$$,27,000,600,45\mathrm{.}00,27,000],[$February $10,400,,42\mathrm{.}00,,16,800,400,,42\mathrm{.}00,,16,800,400,42\mathrm{.}00,16,800],[$March $13,200,,27\mathrm{.}00,,5,400,200,,27\mathrm{.}00,,5,400,200,27\mathrm{.}00,5,400],[$August $21,100,,50\mathrm{.}00,,5,000,100,,50\mathrm{.}00,,5,000,100,50\mathrm{.}00,5,000],[$September $5,500,,46\mathrm{.}00,,23,000,,,,,,250,46\mathrm{.}00,11,500],[$Total$,1,800,,,$$$,77,200,1,300,,,$$$,54,200,1,550,,$$$65,700]]$

Weighted Average

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

Date Activities Units Acquired at Cost Units Sold at Retail

January $1$ Beginning inventory $600$ units @ $$45$ per unit

February $10$ Purchase $400$ units @ $$42$ per unit

March $13$ Purchase $200$ units @ $$27$ per unit

March $15$ Sales $800$ units @ $$75$ per unit

August $21$ Purchase $100$ units @ $$50$ per unit

September $5$ Purchase $500$ units @ $$46$ per unit

September $10$ Sales $600$ units @ $$75$ per unit

Totals $1,800$ units $1,400$ units

Required:

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

Compute the number of units in ending inventory.

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.$)$