6 Problem 5-3A Perpetual: Alternative cost flows LO P1 Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions 2.5 points Date Activities Units Acquired at Cost 660 units@ $60 per unit 330 units@ $57 per unit 110 units@ $45 per unit Units Sold at Retail 1 Beginning inventory Jan. Feb. 10 Purchase Mar. 13 Purchase Mar. 15 Sales eBook 715 units@ $70 per unit Aug. 21 Purchase Sept. 5 Purchase Sept. 1e Sales Totals 160 units@ $65 per unit 570 units@ $61 per unit 730 units $70 per unit 1,445 units Print 1,830 units Required: 1. Compute cost of goods available for sale and the number of units available for sale. References Cost of goods available for sale Number of units available for sale units 2. Compute the number of units in ending inventory Ending inventory unils Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions Activities Date Units Acquired at Cost 660 units $60 per unit 330 units@ $57 per unit 110 units $45 per unit Units Sold at Retail Jan. 1 Beginning inventory Feb. 10 Purchase Mar. 13 Purchase Mar. 15 Sales 715 units $70 per unit Aug. 21 Purchase Sept. 5 Purchase Sept. 10 Sales 160 units$65 per unit 570 units@ $61 per unit 730 units @ $70 per unit eBook 1,830 units Totals 1,445 units 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (g weighted average, and (c) 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, 110 from the August 21 purchase, and 335 from the September 5 purchase. Complete this question by entering your answers in the tabs below. Weighted Average Perpetual FIFO Perpetual LIFO Specific Id Perpetual FIFO: Goods Purchased Cost per Cost of Goods Sold Inventory Balance Cost per # of units # of units sold Cost per Cost of Goods Sold unit Date Inventory Balance # of units unit unit Jan 1 660 @ $ 60.00 $ 39,600.00 Feb 10 Mar 13 Mar 15 nces Aug 21 Sept 5 Sept 10 Totals Perpetual LIF0> Perpetual FIFO Perpetual LIFO: Goods Purchased Cost of Goods Sold Inventory Balance # of units Cost per unit # of units sold Cost per Cost of Goods Sold unit Cost per unit Inventory Balance # of units Date $ 39,600.00 660 @ Jan 1 $ 60.00 Feb 10 Mar 13 Mar 15 Aug 21 Sept 5 Sept 10 Totals Weighted Average> Perpetual FIFO Weighted Average Perpetual FIFO Perpetual LIFO Specific Id Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places.) Weighted Average Perpetual: Goods Purchased # of units Cost of Goods Sold Inventory Balance Cost per unit Cost per unit # of units sold Cost per Cost of Goods Sold unit Date Inventory Balance $ 39,600.00 # of units Jan 1 660 @ $ 60.00 Feb 10 Average Mar 13 Mar 15 Aug 21 Average Sept 5 Sept 10 Totals