Montoure Company uses a periodic inventory system.

Montoure Company uses a periodic inventory system. It entered into the following calendar-year 2016 purchases and sales transactions. Activities Date Jan. 1Beginning inventory Feb. 10 Purchase Mar. 13 Purchase Mar. 15 Sales Aug. 21 Purchase Sept 5 Purchase Sept 10 Sales units Acquired at Cost units Sold at Retail 710 units 455 units 255 units 27.00 per unit 545.00 per unit 542.00 per unit 855 units @ S75.00 per unit 210 units $50.00 per unit 610 units 546.00 per unit 900 units 1,755 units _S75.00 per unit Totals 2,240 units