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montoure Company uses a perpetual inventory system it entered into the following calendar year purchases and sales transactions 25 leam biberty.edu webapps252Fparta 5 Problems Caw
montoure Company uses a perpetual inventory system it entered into the following calendar year purchases and sales transactions
25 leam biberty.edu webapps252Fparta 5 Problems Caw Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions Activities Units Acquired at cost Units Sold at Retail Jan. 1 Beginning inventory 660 units@ $60 per unit Feb. 10 Purchase 330 units @ $57 per unit 13 Purchase 110 units @ $45 per unit Mar. 15 Sales 715 units@ $70 per unit Aug 21 Purchase 160 units@ $65 per unit Sept. 5 Purchase 570 units @ $61 per unit Sept. 10 Sales 730 units@ $70 per unit Totals 1,830 units 1,445 units Mar. Required: 1. Compute cost of goods available for sale and the number of units available for sale. Cost of goods available for sale Number of units available for sale units 2 Compute the number of units in ending inventory. Ending Inventory units Step by Step Solution
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