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can you please help me with this question especially all parts of number three! much appreciated thank you Montoure Company uses a perpetual inventory system.
can you please help me with this question especially all parts of number three! much appreciated thank you
Montoure Company uses a perpetual inventory system. It entered into the following calendar year purchases and sales transactions. Units sold at Retail Unita Acquired at Cost 680 units $40 per unit 320 units $35 per unit 100 units $23 per unit Date January 1 February 10 March 13 March 15 August 21 September September 10 Activities Beginning inventory Purchase Purchase Sales Purchase Purchase Sales Total 720 unit) $75 per unit 130 units $45 per unit 490 units sel per unit 620 unito 575 per unit 1,340 units 1.720 units Required: 1. Compute cost of goods available for sale and the number of units available for sale. Cost of goods available for sale Number of units available for sale units 1 3. Compute the cost assigned to ending Inventory using FIFO, UFO. (weighted average, and specific identification For specific identification, units sold consist of 680 units from beginning inventory, 220 from the February 10 purchase, 100 from the March purchase. Bo from the August 21 purchase, and 260 from the September 5 purchase) 15 Complete this question by entering your answers in In the tabs below. fo Perpetual Proper UFO Weight Average Specifico Compute the cost signed to ending inventory using Fro(ound your average cost per un to 2 decimal places) Per O. Good Band Cet of Goods Bild Interval lite Cost ofte Cost per cent of Good Sold of unite Cast un sold un January 1 659 $40.00 - $ 27,200.00 February 10 Total February 10 March 15 To March 13 March 15 Torch 15 August 21 Tea August 21) Seger Tags 10 3 0.00 000 Perpetual LIFO 4. Compute gros profesored by the company for each of the four conting methods found your average cost per un to a decir ce) LO Step by Step Solution
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