1 1 Problem 5-3A Perpetual: Alternative cost flows LO P1 10 points 0207:54 Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions Date Activities Units Acquired at Cost Voits sold at Retail Jan. 1 Beginning inventory 620 units @ $45 per unit Feb. 10 Purchase 310 units@ $42 per unit Mar. 13 Purchase 120 units@ $30 per unit Mar. 15 Sales 770 unitse $85 per unit Aug. 21 Purchase 190 units @ $50 per unit Sept. 5 Purchase 520 units 48 per unit Sept. 10 Sales 710 units@ $85 per unit Totals 1,760 units 1,480 units 1 1 Compute the cost assigned to ending Inventory using weighted average. (Round your average cost per unit to 2 decimal places.) 10 points Weighted Average Perpetual: Goods Purchased #of Cost per Date units unit Jan 1 # of units sold Cost of Goods Sold Cost per Cost of Goods Sold unit Inventory Balance Cost per Inventory # of units unit Balance 620 $ 45.00 $ 27,900.00 023730 Feb 10 310 $42.00 620 $45.00 $ 4200 310 $ 27,900.00 13,020,00 $ 40,920.00 Average 930 Mar 13 Mar 15 Aug 21 Average Sept 5 Sept 10 Totals 5 0.00 Perpetual LIFO Specified Perpetual FIFO Perpetual LIFO Weighted Average Specific ld Compute the cost assigned to ending inventory using specific identification. For specific identification, units sold consist of 620 units from beginning Inventory, 210 from the February 10 purchase, 120 from the March 13 purchase, 140 from the August 21 purchase, and 390 from the September 5 purchase. (Round your average cost per unit to 2 decimal places.) Ending Inventory of units Cost per Ending Inventory in ending Inventory # of units Cost per unit $ 45.00 $ 0 Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Cost of Cost of Goods # of units Cost per Goods unit Available sold unit Sold for Sale Beginning inventory 620 $ 45.00 $ 27,000 0 Purchases Feb 10 310 $42.00 16,800 210 $42.00 8.820 March 13 120 $ 30.00 5.400 0 Aug 21 190 $50.00 5.000 0 Sep 5 520 $ 48.00 23.000 0 Total 1,760 5 77,200 210 $ 8,820 4200 0 100 $ 42.00 $ 30.00 $ 50 00 $ 48,00 0 0 $ 4200 45.00