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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
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 5 Activities 10 Beginning inventory Purchase Purchase August 21 Purchase September September Sales Purchase Sales Totals Units Acquired at Cost @ $40 per unit 540 units 312.0 @ $36 per unit @ $24 per unit units 100 units 120 units 520 units 1,600 units @ $45 per unit @ $41 per unit Units Sold at Retail 650 units 640 units 1,290 units @ $85 per unit @ $85 per unit
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