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Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purch Units Sold at Retail Date Activities Jan. 1 Beginning inventory Feb.

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Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purch Units Sold at Retail 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 Units Acquired at Cost 600 units @ $60 per unit 480 units @ $57 per unit 120 units @ $42 per unit 180 units @ $65 per unit 470 units @ $63 per unit 785 units @ $80 per unit 650 units @ $80 per unit 1,435 units 1,850 units 3. Compute the cost assigned to ending inventory using (a) FIFO. (b) LIFO. ( weighted average, and (c) specific identification. For specific identification, units sold consist of 600 units from beginning inventory, 380 from the February 10 purchase, 120 from the March 13 purchase, 130 from the August 21 purchase, and 205 from the September 5 purchase, Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific id Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory # of units Cost per Cost of # of units Cost per Goods # of units Cost per unit Available sold unit for Sale 600 $ 60.00 $ 27,000 0 Cost of Goods Sold Ending in ending unit Inventory Inventory 600 S 60.00 $ 36,000 0 380 $ 57.00 100 5,700 Beginning inventory Purchases Feb 10 March 13 Aug 21 Sep 5 21,660 0 480 $57.00 120 $42.00 180 $ 65.00 563.00 1,850 16,800 5,400 5,000 23.000 $ 77,200 $57.00 $42.00 $ 65,00 $ 03.00 0 0 470 0 0 $ 41,700 Total 380 $ 21,660 700 (Weighted Average

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