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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

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 580 units @ $40 per unit
February 10 Purchase 420 units @ $38 per unit
March 13 Purchase 180 units @ $25 per unit
March 15 Sales 755 units @ $70 per unit
August 21 Purchase 190 units @ $45 per unit
September 5 Purchase 560 units @ $41 per unit
September 10 Sales 750 units @ $70 per unit
Totals 1,930 units 1,505 units
Required:
Compute cost of goods available for sale and the number of units available for sale.
Compute the number of units in ending inventory.
Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. (For specific identification, units sold consist of 580 units from beginning inventory, 320 from the February 10 purchase, 180 from the March 13 purchase, 140 from the August 21 purchase, and 285 from the September 5 purchase.)

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