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Montoure Company uses a perpetual inventory system. It entered into the following calendar - year purchases and sales transactions. table [ [ Date ,

Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions.
\table[[Date,Activities,Units Acq,uired at Cost,Units Sold at Retail],[January 1,Beginning inventory,600 units,a $40 per unit,],[February 10,Purchase,360 units,@ $37 per unit,],[March 13,Purchase,150 units,a $25 per unit,],[March 15,Sales,,,765 units @ $80 per unit],[Auqust 21,Purchase,200 units,a $45 per unit,],[September 5,Purchase,580 units,@ $42 per unit,],[September 10,Sales,,,780 units @ $80 per unit],[,Totals,1,890 units,,1,545 units]]
Required:
Compute cost of goods available for sale and the number of units available for sale.
Compute the number of units in ending inventory.
Ending inventory
345 units
Compute the cost assigned to ending inventory using
(a) FIFO,
(b) LIFO,
(c) weighted average, and
(d) specific identification. (For specific identification, units sold consist of 600 units from beginning inventory, 260 from the February 10 purchase, 150 from the March 13 purchase, 150 from the August 21 purchase, and 385 from the September 5
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NextMontoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions.
Required:
Compute cost of goods available for sale and the number of units available for sale.
\table[[Cost of goods available for sale,$4,430
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