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Check my work Problem 5-3A Perpetual: Alternative cost flows LO P1 Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases
Check my work 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 Activities Units Acquired at Cost 580 units $40 per unit 420 units $38 per unit 180 units $25 per unit Units Sold at Retail Date Jan. 1 Beginning inventory Feb. 10 Purchase Mar. 13 Purchase Mar. 15 Sales Aug. 21 Purchase Sept. 5 Purchase Sept. 10 Sales 755 units $70 per unit 190 units$45 per unit 560 units $41 per unit 750 units $70 per unit 1,505 units Totals 1,930 units Required: 1. Compute cost of goods available for sale and the number of units available for sale
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