Montoure Company uses a periodic inventory system. It entered into the following calendar-year purchases and sales transactions. Date January 1 February 10 Activities Beginning inventory Purchase Units Acquired at Cost 645 units @ $45.00 per unit 490 units @$42.00 per unit 245 units @ $27.00 per unit Purchase Sales Purchase Purchase Sales Totals March 13 March 15 August 21 September 5 September 10 145 units 545 units 2,070 units @ $50.00 per unit @$46.00 per unit Units Sold at Retail 980 units 690 units 1,670 units @ $75.00 per unit @ $75.00 per unit

Montoure Company uses a periodic inventory system. It entered into the following calendar-year purchases and sales transactions. Date January 1 Activities Beginning inventory February 10 March 13 Purchase Purchase March 15 August 21 September 5 September 10 Sales Purchase Purchase Sales Totals Units Acquired at Cost $45.00 per unit $42.00 per unit 8 $27.00 per unit Units Sold at Retail 645 units 400 units 245 units 980 units $75.00 per unit 145 units 545 units $50.00 per unit $46.00 per unit 2,070 units 690 units 1,670 units $75.00 per unit