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Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions Activities Units Acquired at Cost 680 units$40 per
Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions Activities Units Acquired at Cost 680 units$40 per unit 320 units $37 per unit 170 units $25 per unit Units Sold at Retail Date Jan. 1 Beginning inventory Feb. 10 Purchase Mar. 13 Purchase Mar. 15 Sales Aug. 21 Purchase Sept. 5 Purchase Sept. 10 Sales 800 units$85 per unit 110 units $45 per unit 470 units $42 per unit 580 units $85 per unit 1,380 units Totals 1,750 units 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. Endin units
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