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1. Compute cost of goods available for sale and the number of units available for sale. 2. Compute the number of units in ending inventory. \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{11}{|c|}{ Perpetual LIFO: } \\ \hline \multirow{2}{*}{Date} & \multicolumn{2}{|c|}{ Goods Purchased } & \multicolumn{3}{|c|}{ Cost of Goods Sold } & \multicolumn{5}{|c|}{ Inventory Balance } \\ \hline & \# of units & \multirow[t]{2}{*}{\begin{tabular}{c} Cost \\ per unit \end{tabular}} & \begin{tabular}{l} \# of units \\ sold \end{tabular} & \multirow[t]{2}{*}{\begin{tabular}{c} Cost \\ per unit \end{tabular}} & Cost of Goods Sold & \multicolumn{2}{|c|}{ \# of units } & \multirow{2}{*}{\begin{tabular}{|c|} \begin{tabular}{c} Cost \\ per unit \end{tabular} \\ $55.00 \end{tabular}} & \multicolumn{2}{|r|}{\begin{tabular}{l} Inventory \\ Balance \end{tabular}} \\ \hline January 1 & & & & & & 660 & at & & = & $36,300.00 \\ \hline \multirow{2}{*}{\multicolumn{11}{|c|}{ February 10}} \\ \hline & & & & & & & & & & \\ \hline \multicolumn{11}{|l|}{ Total February 10} \\ \hline \multirow{2}{*}{\multicolumn{11}{|c|}{ March 13}} \\ \hline & & & & & & & & & & \\ \hline & & & & & & & & & & \\ \hline \multicolumn{11}{|l|}{ Total March 13} \\ \hline & & & & & & & & & & \\ \hline \multicolumn{11}{|l|}{ March 15} \\ \hline & & & & & & & & & & \\ \hline \multicolumn{11}{|l|}{ Total March 15} \\ \hline & & & & & & & & & & \\ \hline \multirow{2}{*}{\multicolumn{11}{|c|}{ August 21}} \\ \hline & & & & & & & & & & \\ \hline & & & & & & & & & & \\ \hline \multicolumn{11}{|l|}{ Total August 21} \\ \hline & & & & & & & & & & \\ \hline & & & & & & & & & & \\ \hline \multicolumn{11}{|l|}{ September 5} \\ \hline & & & & & & & & & & \\ \hline & & & & & & & & & & \\ \hline \multicolumn{11}{|l|}{ Total September 5} \\ \hline & & & & & & & & & & \\ \hline & & & & & & & & & & \\ \hline \multicolumn{11}{|l|}{ September 10} \\ \hline & & & & & & & & & & \\ \hline & & & & & & & & & & \\ \hline Total September 10 & & & & & 0.00 & & & & & \\ \hline Totals & & & & & & & & & & 0.00 \\ \hline \end{tabular} Note: Round your average cost per unit to 2 decimal places. Complete this question by entering your answers in the tabs below. Compute the cost assigned to ending inventory using specific identification. (For specific identification, units sold consist of 660 units from beginning inventory, 230 from the February 10 purchase, 110 from the March 13 purchase, 90 from the August 21 purchase, and 250 from the September 5 purchase.) 4. Compute gross profit earned by the company for each of the four costing methods. Note: Round your average cost per unit to 2 decimal places. 5. The company's manager earns a bonus based on a percent of gross profit. Which method of inventory costing produces the highest bonus for the manager? LIFO FIFO Specific Identification Weighted Average

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