Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions

Montoure Company uses a perpetual Inventory system. It entered into the following calendar-year purchases and sales transactions Date Activities Units Acquired at Cost Units Sold at Retail Jan. 1 Beginning inventory 680 units @ $40 per unit Feb. 10 Purchase 320 units @ $35 per unit Mar. 13 Purchase 100 units @ $23 per unit Mar. 15 Sales 720 units@ $75 per unit Aug. 21 Purchase 130 units @ $45 per unit Sept. 5 Purchase 490 units @ $ 41 per unit Sept. 10 Sales 620 units @ $75 per unit Totals 1,720 units 1,340 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. Ending inventory units 3. Compute the cost assigned to ending Inventory using (a) FIFO, (b) LIFO, (weighted average, and (d) specific Identification. For specific Identification, units sold consist of 680 units from beginning Inventory, 240 from the February 10 purchase, 100 from the March 13 purchase, 80 from the August 21 purchase, and 260 from the September 5 purchase. Complete this question by entering your answers in the tabs below. Perpetual Perpetual Weighted FIFO LIFO Average Specific Id Compute the cost assigned to ending inventory using FIFO. (Round your average cost per unit to 2 decimal places.) Perpetual FIFO: Goods Purchased Cost of Goods Sold Inventory Balance # of Cost # of units Cost Cost of Goods Date Cost Inventory # of units units per unit sold per unit Sold per unit Balance Jan 1 680 @ $ 40.00 = $ 27,200.00 Feb 10 Mar 13 Mar 15 Aug 21 Sept 5 Sept 10 Totals Perpetual FIFO Perpetual LIFO Weighted Average Specific Id 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 # of Cost # of units Cost Cost of Goods Cost Date # of units Inventory units sold per unit Sold per unit Balance Jan 1 680 @ $ 40.00 = $ 27,200.00 per unit Feb 10 Mar 13 Mar 15 Aug 21 Sept 5 Sept 10 0 Totals $ 0.00 Perpetual FIFO Perpetual LIFO Weighted Average Specific Id 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 Date units Jan 1 # of Cost of Goods Sold # of units Cost Cost of Goods sold per unit Sold Inventory Balance Cost Inventory # of units per unit Balance 680 $ 40.00 = $ 27,200.00 per unit Feb 10 Average Mar 13 Mar 15 Aug 21 Average Sept 5 Sept 10 Totals $ 0.00 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 680 units from beginning inventory, 240 from the February 10 purchase, 100 from the March 13 purchase, 80 from the August 21 purchase, and 260 from the September 5 purchase. (Round your average cost per unit to 2 decimal places.) Cost of Goods Sold Ending Inventory Specific Identification cost of Goods Available for Sale Cost of Cost per # of units Goods unit Available for Sale Beginning inventory 680 $ 40.00 $ 27,000 Purchases: # of units Cost per sold unit Cost of Goods Sold # of units in ending inventory Cost per unit Ending Inventory 0 $ 40.00 $ 0 Feb 10 320 $ 35.00 240 $ 35.00 8,400 80 $ 35.00 2,800 100 $ 23.00 0 23.00 0 $ s 130 $ 45.00 16,800 5,400 5,000 23,000 $ 77,200 0 March 13 Aug 21 Sep 5 Total 0 45.00 41.00 490 $ 41.00 0 S 0 1,720 240 $ 8,400 80 $ 2,800