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Montoure Company uses a perpetual inventory system. It entered into the following calendar-year 2015 purchases and sales transactions. Date Activities Units Acquired at Cost Units
Montoure Company uses a perpetual inventory system. It entered into the following calendar-year 2015 purchases and sales transactions. |
Date | Activities | Units Acquired at Cost | Units Sold at Retail | |||||||||||
Jan. | 1 | Beginning inventory | 600 | units | @ $45 per unit | |||||||||
Feb. | 10 | Purchase | 400 | units | @ $42 per unit | |||||||||
Mar. | 13 | Purchase | 200 | units | @ $27 per unit | |||||||||
Mar. | 15 | Sales | 800 | units | @ $75 per unit | |||||||||
Aug. | 21 | Purchase | 100 | units | @ $50 per unit | |||||||||
Sept. | 5 | Purchase | 500 | units | @ $46 per unit | |||||||||
Sept. | 10 | Sales | 600 | units | @ $75 per unit | |||||||||
Totals | 1,800 | units | 1,400 | units |
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