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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 600 units @ $40 per unit
February 10 Purchase 400 units @ $37 per unit
March 13 Purchase 190 units @ $15 per unit
March 15 Sales 805 units @ $70 per unit
August 21 Purchase 190 units @ $45 per unit
September 5 Purchase 550 units @ $43 per unit
September 10 Sales 740 units @ $70 per unit
Totals 1,930 units 1,545 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 600 units from beginning inventory, 300 from the February 10 purchase, 190 from the March 13 purchase, 140 from the August 21 purchase, and 315 from the September 5 purchase.)

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