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Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions. Units Sold at Retail Units Acquired at Cost

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Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions. Units Sold at Retail Units Acquired at Cost 600 units @ $45 per unit 400 units @ $42 per unit 200 units @ $27 per unit Date Activities Jan. 1 Beginning inventory Feb. 10 Purchase Mar. 13 Purchase Mar. 15 Sales Aug. 21 Purchase Sept. 5 Purchase Sept. 10 Sales Totals 800 units @ $75 per unit 100 units @ $50 per unit 500 units @ $46 per unit 600 units @ $75 per unit 1.400 units 1,800 units Required: 1. Compute cost of goods available for sale and the number of units available for sale. Answer is complete and correct. Cost of goods available for Number of units available for 77.200 1,800 units sale 2. Compute the number of units in ending inventory. Ending inventory units March 13 purchase, 50 from the August 21 purchase, and 250 from the September 5 purchase. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places.) Weighted Average Perpetual: Goods Purchased Cost Date units of Inventory Balance Cost Inventory per Balance #of units Cost of Goods Sold Cost per Cost of Goods Sold of ords # of units unit unit unit Jan 1 600 @ 45.00 27,000.00 Feb 10 400 @ 42.00 600 400 @ @ 45.00 27,000.00 16,800.00 42.00 Average 1000 @ 43 AC 43,800.00 Mar 13 2000 @ 27.00 400 @ 43.80 17,520.00 $ 27,00 = 5,400.00 200 600 22,920.00 Mar 15 800 @ 15.00 - $ 60,000.00 16,400.00 @ @ 45.00 @ 41.00 - @ @ Samo @ 42.80 - Aug 21 100 @ 400 400 100 $0.00 16,400.00 5,000.00 Average 500 21.400.00 Sept 5 500 @ 46.00 500 @ con 500 le 21,400.00 23,000.00 42.80 $ 46.00 4.40 @ 1000 @ - - 44,400.00 17.760.00 Sept 10 600 @ 15.00 - $45,000.00 400 @ 4.40 Totals 105,000.00 Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using specific identification. For specific identification, units sold consist of 600 units fror from the February 10 purchase, 200 from the March 13 purchase, 50 from the August 21 purchase, and 250 from the September 5 puro cost per unit to 2 decimal places.) Specific Identification: Goods Purchased Inventory Balance Cost Cost Cost of Goods Sold Cost Cost of Goods per Sold unit # of units Date # of units sold per # of units Inventory Balance per unit unit January 1 600 @ @ 45.00 - $27,000.00 February 10 400 @ 42.00 400 @ 42.00 16,800.00 $ 16,800.00 March 13 200 @ 27,000 400 @ 2.00 - $16,800.00 200 @ 27.00 $ 5,400.00 $ 22,200.00 March 15 $ 8,400.00 600 200 @ @ 0 8,400 $ 8,400.00 200 200 @ @ 42.00 2.0 OOOO O 5,400.00 $ 13,800.00 Aug 21 100 @ 50.00 42.00 $ 8,400.00 200 200 500 @ @ @ 27.00 5,400.00 25,000.00 $ 38,800.00 50.00 Sep 5 500 @ 46.00 42.00 27.00 50.00 46.00 Sep 10 42.00 = $ 4,200.00 100 100 200 @ @ $ 27.00 5,400.00 50 @ 50.00 2,500.00 250 @ 46.00 11,500.00 $23,600.00 $32,000.00 Totals

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