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Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions Date Activities Units Acquired at Cost Units Sold

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Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions Date Activities Units Acquired at Cost Units Sold at Retail January 1 Beginning inventory 668 units @ $35 per unit February 10 Purchase 330 units @ $32 per unit March 13 Purchase 110 units $20 per unit March 15 Sales 760 units $75 per unit August 21 Purchase 180 units @ $40 per unit September 5 Purchase 570 units 536 per unit September 10 Sales 750 units 575 per unit Totals 1,850 units 1,510 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 Ending inventory units 3. Compute the cost assigned to ending inventory using (FIFO. (0) UFO (a weighted average and specific identification (For specific identification units sold consist of 660 units from beginning inventory 230 from the February 10 purchase, 110 from the March 13 purchase, 130 from the August 21 purchase and 380 from the September 5 purchase) 3. Compute the cost assigned to ending Inventory using (a) FIFO. (6LIFO, (a weighted average, and (a specific identification (For specific identification units sold consist of 660 units from beginning inventory 230 from the February 10 purchase. 110 from the March 13 purchase, 130 from the August 21 purchase, and 380 from the September 5 purchase Complete this question by entering your answers in the tabs below. Weighted Perpetual FIFO Perpetual LIFO Specific Average Compute the cost assigned to ending inventory using FIFO. (Round your average cost per unit to 2 decimal places.) Date Goods Purchased of units Cost per unit Perpetual Cost of Goods Sold of units Cost sold per unit Cost of Goods Sold Cest Inventory Balance of units Inventory per un Balance 000 $35.00 323.100.00 January 1 February 10 TotalFebruary 10 March 13 Total March March 15 Total March 15 August 21 Tost August 21 September Total September September 10 Total September 10 Total 0.00 3 0.00 Perpetual LIFO > 3. Compute the cost assigned to ending inventory using a FIFO, (LIFO.( weighted average, and a specific identification. For specific identification units sold consist of 660 units from beginning inventory 230 from the February 10 purchase, 110 from the March 13 purchase, 130 from the August 21 purchase, and 380 from the September 5 purchase) Complete this question by entering your answers in the tabs below. Perpetual FIFO perpetual LIFO Weighted Average Specificid Compute the cost signed to ending inventory using LIFO. (Round your average cost per un to 2 decimal places.) Goods Purchase Datu Percus LEO Cost of Goods Sold of units Cost sold Cost of Goods Sold per unit of units Cust perni Informace of units Cost Inventory Balance 000 335.00 21.100.00 January February 10 Total February 10 March 13 Total March March 15 To March 15 August 21 Total August 21 Sectomber Total Sembers September 10 Total Selber 10 Totals 0.00 3. Compute the cost assigned to ending inventory using (a) FIFO, (D) LIFO (a weighted average, and (c) specific identification. (For specific identification, units sold consist of 660 units from beginning inventory 230 from the February 10 purchase, 110 from the March 13 purchase, 130 from the August 21 purchase, and 380 from the September 5 purchase.) 57 Complete this question by entering your answers in the tabs below. Perpetual FIFO perpetual uro Weighted Average Specific 10 Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places) Weighted Average Perpetual Goods Purchased Cost of Goods Sold Inventory Balance Date Cost per of units Cost per Cost per Inventory W of units Cost of Goods Sold of units unit sold unit unit Balance January 1 660 at $3500 523,100.00 February 10 Average February 10 March 13 Average March 13 March 15 August 21 Average August 21 September Average September 5 September 10 Totals $ 0.00 3. Compute the cost assigned to ending inventory using (a FIFO. () LIFO () weighted average, and (a specific identification (For specific identification, units sold consist of 660 units from beginning inventory 230 from the February 10 purchase, 110 from the March 13 purchase, 130 from the August 21 purchase, and 380 from the September 5 purchase) Complete this question by entering your answers in the tabs below. Perpetual Fifo Perpetual UFO Weighted Average Specific la Compute the cost assigned to ending inventory using specific identification. (For specific identification, units sold consist of 660 units from beginning inventory 230 from the February 10 purchase, 110 from the March 13 purchase, 130 from the August 21 purchase, and 380 from the September 5 purchase.) Date unit 000 January 1 February 10 March 13 August 21 September 5 Totals Goods Purchased Cost per of units tinir 660 at $ 3500 330 at $3200 110 at S2000 180 af $ 4000 570 at 536.00 1,850 Specific Identification: Cost of Goods Sold Fof units Cost per cost of Goods Sold sold unit at $35.00 = $ 0.00 al $3200 at 520.00 = 0.00 at $ 4000 at $36.00 0.00 0 $ 0.00 Inventory Balance # of units Cost per Inventory Balance at $ 3500 = 5 al $3200 $ 20.00 0.00 at $ 40.00 at 53600 = 0.00 5 000

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