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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 Coat Units sold

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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 Coat Units sold at Retail January 1 Beginning inventory 600 units $45 per unit February 10 Purchase 400 units $42 per unit March 13 Purchase 200 unito $27 pert March 15 Sales 800 units $75 per unit August 21 100 units $50 per unit September 5 Purchase 500 unito $46 per unit September 10 Sales 600 units $75 per unit Totale 1,800 units 1,400 units Required: 1. Compute cost of goods available for sale and the number of units available for sale Purchase $ Cost of goods available for sale Number of units available for sale 77,200 1.800 units 2. Compute the number of units in ending Inventory Ending inventory 400 units 3. Compute the cost assigned to ending inventory using (FIFO (6) LIFO ( weighted averageand (d) specific identification. (For specific identification, units sold consist of 600 units from beginning inventory, 300 from the February 10 purchase, 200 from the March 13 purchase, 50 from the August 21 purchase, and 250 from the September 5 purchase.) Complete this question by entering you swers in the tabs below Perpetual Fifo Perpetual LIFO Weighted Average Specificid Compute the cost assigned to ending Inventory using specific identification For specific identification, units sold consist of 600 units from beginning inventory, 300 from the February 10 purchase, 200 from the March 13 purchase, 50 from the August 21 purchase, and 250 from the September 5 purchase. (Round your average cost per unit to 2 decimal places) Date January 1 February 10 March 13 August 21 September Total Specific Identification Goods Available for Sale Cost of Goods Sold Cost per Cost of Goods N of units # of units Cost per Available for Cost of unit Sale sold unit Goods Sold $ 45.00 $ 27,000 $ 45.00 5 0 400 4200 10.0001 12.00 0 200 27.00 5.400 27.00 0 100 50.00 5,000 30,00 0 500 40.00 23,000 1.800 5 77,200 0 $ 0 Ending Inventory # of units in ending Cost per Ending Inventory unit Inventory 45.00 0 42.00 27.00 o 50.00 0 40.00 0 O $

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