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Montoure Company uses a perpetual inventory system. It entered into the following calendar-year 2013 purchases...

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Accounting

Montoure Company uses a perpetual inventory system. It entered into the following calendar-year 2013 purchases and sales transactions.

Date Activities Units Acquired at Cost Units Sold at Retail
Jan. 1 Beginning inventory 600 units @ $45 per unit
Feb. 10 Purchase 400 units @ $42 per unit
Mar. 13 Purchase 200 units @ $27 per unit
Mar. 15 Sales 800 units @ $75 per unit
Aug. 21 Purchase 100 units @ $50 per unit
Sept. 5 Purchase 500 units @ $46 per unit
Sept. 10 Sales 600 units @ $75 per unit
Totals 1,800 units 1,400 units

Compute gross profit earned by the company for each of the four costing methods. (Round your average cost per unit to 2 decimal places.)
FIFO LIFO Weighted Average Specific Identification
Sales
Less: Cost of goods sold
Gross profit $0 $0 $0 $0

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