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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

Montoure Company uses a periodic inventory system.

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Montoure Company uses a periodic inventory system. It entered into the following calendar-year 2016 purchases and sales transactions Date Jan. 1Beginning inventory Feb. 10 Purchase Mar. 13 Purchase Mar. 15 Sales Aug. 21 Purchase Sept. 5 Purchase Sept. 10 Sales Activities units Acquired at Cost units Sold at Retail 660 units 565.00 per unit 430 units $62.00 per unit 230 units S47.00 per unit 830 units S95.00 per unit 160 units S70.00 per unit 560 units S66.00 per unit 720 units S95.00 per unit 1,550 units Totals 2,040 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 nve units

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