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Montoure Company uses a periodic inventory system. It entered into the following calendar-year purchases and sales transactions. Date January 1 Units Acquired at Cost
Montoure Company uses a periodic inventory system. It entered into the following calendar-year purchases and sales transactions. Date January 1 Units Acquired at Cost Units Sold at Retail Activities Beginning inventory February 10 Purchase March 13 Purchase March 15 Sales August 21 Purchase September 5 Purchase September 10 Sales Totals Required: 630 units 460 units 230 units @$45.00 per unit @ $42.00 per unit @ $27.00 per unit 920 units @ $75.00 per unit 130 units 530 units @ $50.00 per unit @$46.00 per unit 1,980 units 660 units 1,580 units @ $75.00 per unit 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 2. Compute the number of units in ending inventory. Ending inventory units units
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