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Montoure Company uses a perpetual inventory system. It entered into the following calendar-year 2015 purchases and sales transactions. Date Jan. 1B Feb. 10 Purchase Mar.
Montoure Company uses a perpetual inventory system. It entered into the following calendar-year 2015 purchases and sales transactions. Date Jan. 1B Feb. 10 Purchase Mar. 13 Purchase Mar. 15 Sales Aug. 21 Purchase Sept. 5 Purchase Sept. 10 Sales Activities Units Sold at Retail Units Acquired at Cost 600 units S 40 per unit 360 units $ 37 per unit 150 units $ 25 per unit eginning inventory 765 units $ 80 per unit 200 units S 45 per unit 580 units $ 42 per unit 780 units $ 80 per unit Totals 1,890 units 1,545 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 inven units
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