Montoure Company uses a perpetual Inventory system. It entered into the following calendar-year purchases and sales transactions Date Jan. Activities Units Sold at Retail Units Acquired at Cost 1 Beginning inventory Feb. 10 Purchase 600 units @ $35 per unit 300 units @ $32 per unit Mar. 13 Purchase i Mar. 15 Sales Aug. 21 Purchase Sept. 5 Purchase Sept. 10 Sales: Totals 150 units @ $20 per unit 190 units @ $40 per unit 540 units @ $37 per unit 1,780 units 725 units @ $80 per unit 730 units@ $80 per unit 1,455 units Required: 1. Compute cost of goods available for sale and the number of units available for sale. Cost of goods available for sale $ 61,180 Number of unds available for sale 1,780 units 2. Compute the number of units in ending inventory. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending Inventory using FIFO. (Round your average cost per unit to 2 decimal places.) Perpetual FIFO: Goods Purchased Cost of Goods Sold Date # of units Cost per of units unit sold unit Cost per Cost of Goods Sold of units Inventory Balance Cost per unit Inventory Balance Jan 1 600 $35.00= $ 21,000.00 Feb 10 300 $32.00 600 $35.00- $ 21,000.00 300 @ $32.00 9,600 00 $ 30,600.00 Mar 13 150 @ $20.00 600 $35.00- $ 21,000 00 300@ $32.00 = 150@ $20.00- 9,600.00 3,000.00 $ 33,600.00 Mar 15 600 $35.00 125 @ $32.00 $ 21,000,00 4,000.00 $32.00 150 $20.00 = 3,000.00 $ 25,000.00 $ 3,000.00 Aug 211 190 $40.00 @ $32.00 150@ B $20.00 = 3,000.00 $40.00 $ 3,000.00 Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending Inventory using LIFO. (Round your average cost per unit to 2 decimal places.) Perpetual LIFO: Goods Purchased Cost of Goods Sold Date # of units Cost per # of units unit sold Cost per unit Inventory Balance Cost per Inventory Cost of Goods Sold # of units unit Balance Jan 1 Feb 10 300 @ $32.00 600 @ $35.00 = $ 21,000.00 600 @ $35.00 = $ 21,000.00 @ $32.00 $ 21,000.00 Mar 13. Mar 15 Aug 211 $32.00 Weighted Average Perpetual: Goods Purchased Date # of units Jan 11 Feb 10 Average Mar 13 Mar 15 Aug 21 Average Sept 5 Sept 10 Totals Cost of Goods Sold Cost per unit # of units sold unit Cost per Cost of Goods Sold # of units unit 600 @ $35.00 Inventory Balance Cost per Inventory Balance $21,000.00 $ 0.00 Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using specific identification. For specific identification, units sold consist of 600 inventory, 200 from the February 10 purchase, 150 from the March 13 purchase, 140 from the August 21 purchase, and 365 purchase. (Round your average cost per unit to 2 decimal places.) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory # of units Cost per unit Cost of Goods Available # of units sold Cost per Cost of # of units unit Goods Sold in ending inventory Cost per unit Ending Inventory for Sale Beginning inventory 600 $ 35.00 $ 27,000 0 $ 35.00 $ 0 Purchases Feb 10 300 $ 32.00 March 13. Aug 21 Sep 5 150 $ 20.00 16,800 5,400 200 $ 32.00 6,400 100 $ 32.00 3,200 0 $ 20.00 0 190 $ 40.00 5,000 0 $ 40.00 0 540 $ 37.00 23,000 0 $ 37.00 Total 1,780 $ 77,200 200 $ 6,400 100 080 0 $ 3,200 < Weighted Average Specific Id>