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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 Units
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 unit January 1 Beginning inventory 600 @ $35 per unit 5 February unit Purchase 300 @$32 per unit 10 5 unit March 13 Purchase 150 @ $20 per unit S unit March 15 Sales 725 @$80 per unit S unit August 21 Purchase 190 $40 per unit S September unit Purchase 540 @$37 per unit 5 S September unit Sales 730 10 $80 per unit S 1,78 unit Totals 05 1,45 unit 55 Required: 1. Compute cost of goods available for sale and the number of units available for sale. 2. Compute the number of units in ending inventory. wing OL 99- IA
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