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Monty Limited uses a perpetual inventory system. The inventory records show the following data for its first month of operations: Date Explanation Units Unit

Monty Limited uses a perpetual inventory system. The inventory records show the following data for its first month of operations: Date Explanation Units Unit Cost Total Cost Balance in Units Aug. 2 Purchases 240 $73 $17,520 240 3 Purchases 506 96 48,576 746 10 Sales (299) 447 15 Purchases 871 115 100,165 1,318 25 Sales (335) 983

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