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Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions, Date Activities Unito Required at cont 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 Unito Required at cont Units sold at Retan January 1 Beginning inventory 660 units $55 per unit February 10 Purchase 330 units . $52 per unit March 13 Purchase 110 units $40 per unit March 15 Sales 700 units # $75 per unit August 21 Purchase 140 unita $60 per unit September Purchase 420 unito $56 per unit September 10 Sales 560 unit... 75 per unit Totals 1,660 units 1,340 unita Required: 1. Compute cost of goods available for sale and the number of units available for sale Cont of goods available for sale Number of units available for sale units 2. Compute the number of units in ending Inventory Ending inventory units 3. Compute the cost assigned to ending inventory using (a) FIFO (6) LIFO. (c) weighted average, and (o specific identification. (For specific identification, units sold consist of 660 units from beginning inventory 230 from the February 10 purchase, 110 from the March 13 purchase, 90 from the August 21 purchase, and 250 from the September 5 purchase) Complete this question by entering your answers in the tabs below. 3. Compute the cost assigned to ending inventory using (FIFO (6) UFO. (weighted average, and (specific identification (For specific identification, units sold consist of 660 units from beginning inventory 230 from the February 10 purchase, 110 from the March 13 purchase, 90 from the August 21 purchase, and 250 from the September 5 purchase) Complete this question by entering your answers in the tabs below. Perpetual tro Perpetual uro Weighted Average Specinc 10 Compute the cost assigned to ending inventory using specife Identification. (For specific Identification, units sold consist of 660 units from beginning inventory, 230 from the February 10 purchase, 110 from the March 13 purchase, 90 from the August 21 purchase, and 250 from the September 5 purchase.) Dnesia dentification Ooods Avaltatile for Sale Cost of Goods sold Ending inventory Date Cost of Goods of units of units of units Cost per Cost of Available for unit Cost per Ending In ending sold Sale unit Inventory January $ O 5 0.005 0 0.00 0 February 10 0 0.00 0.00 0 March 15 0.00 0 0.00 August 21 0 0.00 0.00 0 September 0 0.00 Total $ 0 0 $ 5 Coster Goods sold try 0 O O 0 0

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