erk_Chapter_5 Saved 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 540 units @ $40 per unit 320 units @ $36 per unit 100 units @ $24 per unit Date Activities Jan 1 Beginning inventory Feb. 10 Purchase Mar. 13 Purchase Mar. 15 Sales Aug 21 Purchase Sept. 5 Purchase Sept. 10 Sales Totals 650 units $85 per unit 120 units $45 per unit 520 unitse 341 per unit 1,500 units 540 units @ 585 per unit 1,290 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 2. Compute the number of units in ending inventory. Ending inventory 3. Compute the cost assigned to ending inventory using to FIFO.(LIFO. Id weighted average, and to specific identification. For specific identification units sold consist of 540 units from beginning inventory, 220 from the February 10 purchase, 100 from the March 13 purchase 70 from the August 21 purchase and 360 from the September 5 purchase Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific le Compute the cost assigned to ending inventory using FIFO. (Round your average cost per unit to 2 decimal places.) Perpetual FIFO Goods Purchased Cost of Goods Sold veyance sol unite Cost Coul unts Inventory Cost of Goods Sol Sold oft per unit per unit Balance 540 $40.00 $21.500.000 Pets 10 Cont per Mar 13 M Aug 21 Sept 10 Total Perpetual LIFO > 3. Compute the cost assigned to ending inventory using FIFO. COLIFO. weighted average, and to specific identification For specific identification units sold consist of 540 units from beginning inventory 220 from the February 10 purchase, 100 from the March 13 purchase, 70 from the August 21 purchase, and 360 from the September 5 purchase. Complete this question by entering your answers in the tabs below. Perpetual Properpetual LIFO Weighted Average Specifieke Compute the cost assigned to ending inventory using LIFO. (Round your average cost per unit to 2 decimal places.) Perpetual LIFO Goods Purchases Inventos Rance Dinte Coal per Unit #of units sold Cast of Goods Sold Cost Cost of Goods per unit Sold Cost aan inventory Balance $ 21.000.00 5001 5:40:00 Feb 20 Mar 16 Aug 21 Sents Sept 10 Total Per Wighed Average Computer Orolit camed 3. Compute the cost assigned to ending inventory using ( FIFO. (LIFO. ( Weighted average, and (of specific identification. For specific identification, units sold consist of 540 units from beginning inventory, 220 from the February 10 purchase. 100 from the March 13 purchase. 70 from the August 21 purchase, and 360 from the September 5 purchase, Complete this question by entering your answers in the tabs below. Specific id Weighiya Perpetual FIFO Perpetual UFO Averale Compute the cost assigned to ending in Round your average cost per unit to 2 decimal places.) Weighted Average Weighted Average Perpetual Goods Purchased of cost per units unit Jani Cost of Goods Sold #of units Cost sold per unit Cast of Goods Sold Inventory Balance of its Cost Inventory per unit Balance 540 540.00 $21,600.00 Feb 10 Average Mar 13 Mar 16 Aug 21 Average Sept. Sep 10 Totab Perpetual LIFO Specific Id> Chapter 5 3. Compute the cost assigned to ending inventory using (a) FIFO. (6) LIFO. ( weighted average, and (d) specific identification. For specific identification units sold consist of 540 units from beginning inventory, 220 from the February 10 purchase, 100 from the March 13 purchase. 70 from the August 21 purchase, and 360 from the September 5 purchase. Complete this question by entering your answers in the tabs below. Spears Perpetual Pro Perpetual UFO Weighted Average Compute the cost assigned to ending inventory usings Inventory, 220 from the February 10 purchase, 100 fro Specific ld e. 70 from the August 21 purchase, and 360 from the September or specific identification, units sold consist of 540 units from beginning purchase. (Round your average cost per unit to 2 Specite identication Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Goods of units Cost per Cost of Wof units unit Cost per Available Ending sold Goods unit in ending Sold inventory unit for Sale Inventory Beginning inventory 540 $40.00 $ 27,000 $ 40,00 Purchases Feb 20 320 $36.00 16,000 220 $26.00 7,920 100 $36.00 3,600 March 12 1005 24.00 5.400 5 24.00 120 S 45.00 5.000 $ 45.00 Sep 5 520 S 41.00 23,000 $ 41.00 Total 1,000 $ 77,200 of units Cost per Aug 21
