Montoure Company uses a perpetual inventory system. It entered into the following calendar year purchases and sales transactions. Jan. Units Sold at Retail Units Acquired at Cost 600 units @ $45 per unit 400 units e $42 per unit 200 units $27 per unit Date Activities 1 Beginning inventory Feb. 10 Purchase Mar. 13 Purchase Mar. 15 Sales Aug. 21 Purchase Sept. 5 Purchase Sept. 10 Sales Totals 800 units # $75 per unit 100 units $50 per unit 500 units $46 per unit 600 units e$75 per unit 1,400 units 1,800 units Weighted Averago Perpetual: Goods Purchased # of Cost per Date units unit Jan 1 # of units sold Cost of Goods Sold Cost per Cost of Goods Sold unit Inventory Balance Cost per Inventory # of units unit Balance 600 @ $ 45,00 - $ 27,000.00 Feb 10 400 @ $42.00 $ 45,000.00 1,000 @ 0 @ $ 45.00 = $ 42.00 $ 43.80= Average 1000 @ $ 45,000.00 Mar 13 200 @ $ 27.00 @le) $ 43.80 $ 27.00 0 Mar 15 800 @ $ 41.00 $ 32,800.00 400 @ Aug 21 100 @ $50.00 400 @ 500 @ 900 @ $ 41.00 - $ 41.00 = $ 42.80 = $ 0.00 $ 16,400.00 $ 16,400.00 21,400.00 $ 37,800.00 Average Sept 5 500 @ $ 46.00 1000 0 @ 1000 @ $ 0.00 $ 46.00 $ 44.40 = 600 @ $44.40 400 @ $ 44.40 - $ 17,760.00 Sept 10 Totals $ 26,640.00 $ 59,440.00 Specific identification Date # of units Cost per # of units unit sold Cost per Cost of Goods Sold # of units unit 600 @ January 1 February 10 Cost per unit Inventory Balance $ 45.00 = $ 27,000.00 $ 42.00 $ 42.00 - 12,600.00 $ 12,600.00 400 $ 42.00 01 300 @ March 13 2001 @ $ 27.00 300 @ $ 42.00 $42.00 = $ 27.00 = 200 @ $ 12,600.00 $ 5,400.00 $ 18,000.00 March 15 0 0 0 es Aug 21 100 @ $50.00 300 200 50 @ $50.00 = 2,500.00 2,500.00 on Sep 5 500 @ $ 46.00 300 200 50 $ 50.00 - $ 46.00 = 250 @ 2,500.00 11,500.00 $ 14,000.00 Sep 10 Totals $ 0.00