Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions. Units Sold at Retail Date January 1 February 10 March 13 March 15 August 21 September 5 September 10 Units Acquired at Cost 600 units @ $40 per unit 400 units @ $37 per unit 190 units @ $15 per unit Activities Beginning inventory Purchase Purchase Sales Purchase Purchase Sales Totals 805 units @ $70 per unit 190 units @ $45 per unit 550 units @ $43 per unit 740 units @ $70 per unit 1,545 units 1,930 units Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO. (Round your average cost per unit to 2 decimal places.) Perpetual FIFO: Cost of Goods Sold # of units Cost per sold unit Cost of Goods Sold Goods Purchased # of units Cost per unit Date January 1 400 at $ 37.00 February 10 Inventory Balance # of units Cost per Inventory unit Balance 600 at $40.00 = $ 24,000.00 600 at $ 40.00 = $ 24,000.00 400 at $37.00 = 14,800.00 $ 38,800.00 600 at $40.00 = $ 24,000.00 4001 at $ 37.00 = 14,800.00 190 at $15.00 = 2,850.00 $ 41,650.00 Total February 10 1901 at $ 15.00 March 13 Total March 13 600 at = - 600 at 205) at $ 40.00 $ 37.00 $ 15.00 March 15 $ 24,000.00 7,585.00 205 at $ 40.00 = $ 37.00 = $15.00 = $ 24,000.00 7,585.00 0.00 $ 31,585.00 at at Total March 15 $ 31,585.00 1901 at $ 45.00 at 195) at August 21 $ 40.00 = $ 37.00 = $15.00 = $ 45.00 = 1901 at $ 0.00 7,215.00 2,850.00 8,550.00 $ 18,615.00 190) at Total August 21 550 at S43.00 September 5 at 195) at 190) at 190) at 550 at $ 40.00 = $ 37.00 = $ 15.00 = $ 45.00 = $43.00 = $ 0.00 7,215.00 2,850.00 8,550.00 23,650.00 $ 42,265.00 Total September 5 at 11 $ 0.00 at at = 0.00 $ 40.00 $ 37.00 $ 15.00 $ 45.00 September 10 = at 195) at 190 at 190 at 165 at 0.00 $ 40.00 = $ 37.00 = $ 15.00 = $ 45.00 = $ 43.00 = = S 7,215.00 2,850.00 8,550.00 7,095.00 $ 25,710.00 $ 57,295.00 at $ 43.00 = 385) at 0.00 16,555.00 $ 16,555.00 $ 16,555.00 Total September 10 Totals Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Cost per = = = Compute the cost assigned to ending inventory using LIFO. (Round your average cost per unit to 2 decimal places.) Perpetual LIFO: Goods Purchased Cost of Goods Sold Inventory Balance Date Cost per # of units Cost per Inventory # of units unit # of units Cost of Goods Sold unit sold unit Balance January 1 600 at $ 40.00 = $ 24,000.00 400 at $ 37.00 600 at $ 40.00 = $ 24,000.00 February 10 400 at $ 37.00 = 14,800.00 Total February 10 $ 38,800.00 190) at S 15.00 600 at $ 40.00 = $ 24,000.00 March 13 400 at $ 37.00 = 14,800.00 190 at $ 15.00 = 2,850.00 Total March 13 $ 41,650.00 215] at $ 40.00 $ 8,600.00 385) at $ 40.00 = $ 15,400.00 March 15 400 at $ 37.00 14,800.00 at $37.00 = 0.00 190 at $ 15.00 2,850.00 at $15.00 = 0.00 Total March 15 $ 26,250.00 $ 15,400.00 190) at $ 45.00 385) at $ 40.00 = $ 15,400.00 at $ 37.00 = 0.00 August 21 at $ 15.00 = 0.00 1901 at $ 45.00 = 8,550.00 Total August 21 $ 23,950.00 550) at $ 43.00 385) at $ 40.00 = $ 15,400.00 at $ 37.00 0.00 September 5 at $ 15.00 0.00 190) at $ 45.00 = 8,550.00 550 at $ 43.00 = 23,650.00 Total September 5 $ 47,600.00 at $ 40.00 $ 0.00 385 at $ 40.00 = $ 15,400.00 at $37.00 0.00 at $ 37.00 = 0.00 September 10 at $ 15.00 0.00 at $ 15.00 = 0.00 190 at $ 45.00 8,550.00 at $ 45.00 = 0.00 550 at $ 43.00 23,650.00 at $ 43.00 = 0.00 Total September 10 32,200.00 Totals $ 58,450.00 $ 15,400.00 11 = 11 11 Perpetual FIFO Perpetual LIFO Weighted Specific Id Average 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 of Goods Sold Inventory Balance Date Cost per # of units # of units Cost per cost of Goods Sold Cost per # of units Inventory unit sold unit unit Balance January 1 600 at $ 40.00 = $ 24,000.00 400 at $ 37.00 600 at $ 40.00 = February 10 400 at 1,000 at $ 37.00 = $ 38.80] = $ 24,000.00 14,800.00 $ 38,800.00 Average February 10 1901 at $ 15.00 March 13 1,000 at 190) at 1,190 at $ 38.80 = $15.00 = $ 35.00] = $ 38,800.00 2,850.00 $ 41,650.00 Average March 13 March 15 805 at $ 35.00 11 $ 28,175.00 385) at $35.00] = 190 at $ 45.00 August 21 385 at 190) at 575 at LLL $ 35.00 = $ 45.00] = $ 13,475.00 $ 13,475.00 8,550.00 $ 22,025.00 Average August 21 550 at $ 43.00 575 September 5 $ 43.00 = 550 at 1,125 at 23,650.00 $ 23,650.00 $ 40.60] = Average September 5 September 10 Totals 740 at $ 40.60 385) at $ 40.60] = $ 15,631.00 $ 30,044.00 $ 58,219.00 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 from beginning inventory, 300 from the February 10 purchase, 190 from the March 13 purchase, 140 from the August 21 purchase, and 315 from the September 5 purchase.) Specific Identification: Goods Purchased Inventory Balance Date Cost per Cost per # of units # of units unit Cost of Goods Sold unit $ 40.00 600 at at 400 at 100 at Cost of Goods Sold # of units Cost per sold 6000 at $ 40.00 = $ 24,000.00 300 at $ 37.00 = 11,100.00 190 at $ 15.00 2,850.00 140 at $ 45.00 6,300.00 315) at $ 43.00 = 13,545.00 1,545 S 57,795.00 $ 37.00 $ 15.00 $ 45.00 January 1 February 10 March 13 August 21 September 5 Totals = at 190 at 190 at 550 at 1,930 unit Inventory Balance $ 40.00 = S 0.00 $ 37.00 = 3,700.00 $15.00 = 0.00 $ 45.00 = 2.250.00 $43.00 = 10,105.00 $ 16,055.00 $ 43.00 50 at 235 at 385