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Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions. Date January 1 February 10 March 13 Purchase
Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions. Date January 1 February 10 March 13 Purchase Activities Units Acquired at Cost Units Sold at Retail Beginning inventory 600 units $40 per unit Purchase 400 units $37 per unit 190 units $15 per unit 805 units $70 per unit 190 units 550 units $45 per unit $43 per unit 1,930 units 740 units $70 per unit 1,545 units Sales Purchase March 15 August 21 September 5 Purchase September 10 Sales Totals 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 2. Compute the number of units in ending inventory. Ending inventory units units
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