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correct the mistakes This is the whole information about the assignment. Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases

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Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions Units Sold at Retail Units Acquired at Cost 668 units @ $55 per unit 330 units @ $52 per unit 110 units@ $40 per unit 780 units @ $75 per unit Date Activities Jan. 1 Beginning inventory Feb. 10 Purchase Mar. 13 Purchase Mar. 15 Sales Aug. 21 Purchase Sept. 5 Purchase Sept. 1e Sales Totals 140 units @ $60 per unit 420 units@ $56 per unit 560 units@ $75 per unit 1,340 units 1,660 units purchase. (Round your average cost per unit to 2 decimal places.) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost # of units Cost of Goods Available for Sale $ 27,000 #of units sold Cost per unit per unit Ending Inventory Cost of Goods Sold # of units Cost in ending per inventory unit 0 $ 55.00 55,000 S 0 660 1,000 XS 55.00 $ 55.00 Beginning inventory Purchases Feb 10 March 13 100 330 110 140 420 1.660 $ 52.00 $ 40.00 $ 60.00 S 56 00 16,800 5,400 5.000 23,000 S 77,200 230 $ 52.00 110 S 40.00 90$ 60.00 250 S 5600 1.680 11,960 4.400 5,400 14.000 $90,760 110 50 170 Aug 21 Sep 5 $ 52.00 $ 40.00 $ 60.00 $ 56.00 5,200 4,400 3,000 9.520 $ 22.120 430 Total 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (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, 90 from the August 21 purchase, and 250 from the September 5 purchase. Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using LIFO. (Round your average cost per unit to 2 decimal places.) Perpetual LIFO: Cost of Goods Sold Inventory Balance Goods Purchased #of Cost per unit Cost per Cost of Goods Sold Cost per of units sold Date # of units units unit unit $ 55.00 = Inventory Balance $ 36,300.00 Jan 1 660 @ Feb 10 330 @ $ 52.00 $ 36,300.00 660 330 $5500 - $5200 17,160.00 $ 53,460 00 $ 40.00 660 $ 5500 - Mar 13 110 $ 36,300.00 DET Windo Mar 13 110 @ $ 40.00 660) @ 330) @ 1101 @ $ 55.00 = $ 52.00 = $ 40.00 = $36,300.00 17,160.00 4,400.00 $ 57,860.00 = 320 @ $ 55.00 = $ 17,600.00 Mar 15 110 @ 330 @ 340 @ $ 40.00 $ 52,00 $ 55.00 = $ 4,400.00 17,160.00 18.700.00 $ 40,260.00 1 $ 17,600.00 320 @ Aug 21 $ 60.00 140 @ $ 55.00 = $60.00 = 140 @ $ 17,600.00 8,400.00 $ 26,000.00 Sept 5 420 @ 5 56.00 320 @ 140 @ 420 @ $ 55.00 - $ 60.00 = $56.00 = $ 17,600.00 8.400.00 23,520.00 $ 49,520.00 3201 @ $ 55.00 = $ 17,600.00 Sept 10 420 140 @ $ 56.00 $ 60.00 23,520.00 8,400.00 31.920 $ 72,180.00 $ 17,600.00 Totals Goods Purchased # of units unit Cost per Cost of Goods Sold # of units Cost per Cost of Goods Sold sold unit Inventory Balance # of units Inventory Balance $ 55.00 = $36,300.00 Cost per unit Date 660 @ Jan 1 Feb 10 330 @ $ 52.00 660 @ 330 @ 990 @ $ 55.00 = $ 5200 = $ 54.00] = $36,300.00 17.160.00 $ 53,460.00 Average Mar 13 110 @ $ 40.00 990 @ 110 @ 1,100 @ $54.00 = $ 40.00 = $ 52.60] = $53,460.00 4,400.00 $ 57,860.00 $ 52.60 $ 41,028.00 780 @ 320 @ $ 52.60 $ 16,832.00 Mar 15 Aug 21 140 @ $ 60.00 320 @ 140 @ 460 $52.60 = $ 60.00= $54.85 - $ 16.832.00 8,400.00 $ 25.232.00 Average Sept 5 420 $ 5600 460 @ 4201 880 $ 54 85 - $56.00 = $ 55.40 $ 25,231.00 23,520.00 $ 48.751.00 560 $ 55 40 320 @ $ 55.40 - $ 17,728 00 Sept 10 Total $ 31.024.00 $ 72,052.00 Compute the cost assigned to ending inventory using 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, 90 from the August 21 purchase, and 250 from the September 5 purchase. (Round your average cost per unit to 2 decimal places.) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost per Cost per # of units Cost per sold unit # of units Cost of Goods Sold Ending Inventory # of units in ending inventory Cost of Goods unit Available for Sale $ 55.00 $ 27,000 unit $ 660 55 000 0 1,000 $ 5500 0 $ 55.00 Beginning inventory Purchases Feb 10 March 13 Aug 21 Sep 5 Total 330 S 52.00 110 $ 40.00 140 $ 60.00 420 $ 56 00 1,660 16.800 5,400 5,000 23,000 $ 77,200 230 S 5200 110 $ 40.00 90 $ 60.00 250 S 5600 11.960 4.400 5,400 14,000 $ 90,760 100 $ 5200 110 $ 40.00 50 $ 60.00 170 $ 56.00 430 5.200 4.400 3,000 9.520 $ 22,120 1.680

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