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4. 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 Les Cost of goods sold Gross prole 72.500 72.145 12.500) $12.145) S 5 72216 (12.216) S 72.250 72250) 5. The company's manager eams a bonus based on a percent of gross profit. Which method of inventory costing produces the lughest bonus for the manager Weighted Average Specific identification UFO FIFO Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions Units Sold at Retail Date Activities Jan. 1 Beginning inventory Feb. 10 Purchase Mar. 13 Purchase Mar. 15 Sales Aug. 21 Purchase Sept. 5 Purchase Sept. 10 Sales Totals Units Acquired at cost 540 units 555 per unit 460 units $53 per unit 100 units $40 per unit 170 units 561 per unit 430 units 554 per unit 745 units 580 per unit 1,700 units 600 units se per unit 1,345 units Required: 1. Compute cost of goods available for sale and the number of units available for sale. Cont of goods available for sale Number of units available for sale 5 91,670 1.700 units 2. Compute the number of unitsin ending inventory 355

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