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Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions. Activities Beginning inventory Purchase Purchase Date January 1
Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions. Activities Beginning inventory Purchase Purchase Date January 1 February 10 March 13 March 15 August 21 September 5 September 10 Units Acquired at Cost 660 units @ $60 per unit 330 units @ $57 per unit 110 units @ $45 per unit Sales Purchase Purchase Sales Totals Required: 160 units 570 units 1,830 units @$65 per unit @ $61 per unit Units Sold at Retail 715 units @ $70 per unit 730 units @ $70 per unit 1,445 units
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