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Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions. Date Activities Beginning inventory Purchase January 1
Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions. Date Activities Beginning inventory Purchase January 1 February 10. March 13 March 15 August 21 September 5 Purchase Sales Purchase Purchase September 10 Sales Totals Units Acquired at Cost Units Sold at Retail 700 units @ $50 per unit 350 units $44 per unit 150 units $32 per unit 705 units 580 per unit 190 units 540 units $55 per unit $51 per unit 1,930 units 730 units $80 per unit 1,435 units Required: 1. Compute cost of goods available for sale and the number of units available for sale. Cost of goods available for sale tes Number of units available for sale units 2. Compute the number of units in ending inventory. Ending inventory units
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