Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions. Date January 1 February 10 March 13 March 15 August 21 September 5 September 10 Activities Beginning inventory Purchase Purchase Sales Purchase Purchase Sales Totals Cost of goods available for sale Number of units available for sale Ending inventory Units Acquired at Cost 680 units @ $40 per unit 320 units @ $37 per unit 170 units @ $25 per unit 110 units @ $45 per unit 470 units @ $42 per unit units 1,750 units Required: 1. Compute cost of goods available for sale and the number of units available for sale. 2. Compute the number of units in ending inventory. 1,750 units Units Sold at Retail 800 units @ $85 per unit 580 units @ $85 per unit 1,380 units

Montoure Company uses a perpetual inventory system, it entered into the following calendaryear purchases and sales transactions. Required: 1. Compute cost of goods available for sale and the number of units avaliable for sale. 2. Compute the number of units in ending inventory. compute the cost assigned to ending inventory using FIFO. (Round your average cost per unit to 2 decimal places.)