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Montoure Company uses a perpetual Irventory system. It entered into the following calendar-year purchases and sales transactions 3. Compute the cost assigned to ending Inventory
Montoure Company uses a perpetual Irventory system. It entered into the following calendar-year purchases and sales transactions 3. Compute the cost assigned to ending Inventory using (a) FIFO, (b) LIFO, ( C ) welghted average, and ( d ) specific Identification. (For specific identification, units sold consist of 700 unlts from beginning inventory, 200 from the February 10 purchase, 100 from the March 13 purchase, 60 from the August 21 purchase, and 400 from the September 5 purchase.) Complete this question by entering your answers in the tabs below. Compute the cost assigned to ending inventory using FIFO. Note: Round vour averaae cost oer unit to 2 decimal olaces
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