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Need help on 3. Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions. Units sold at Retail

Need help on 3.

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Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions. Units sold at Retail Date January 1 February 10 March 13 March 15 August 21 September 5 September 10 Activities Beginning inventory Purchase Purchase Sales Purchase Purchase Sales Totals Units Acquired at Cost 660 units @ $60 per unit 330 units @ $57 per unit 110 units @ $45 per unit 160 units @ $65 per unit 570 units @ $61 per unit 715 units @ $70 per unit 738 units @ $70 per unit 1,445 units 1,830 units Required: 1. Compute cost of goods available for sale and the number of units available for sale. S Cost of goods available for sale Number of units available for sale 108,530 1,830 units 2. Compute the number of units in ending inventory. Ending inventory 385 units 3. Compute the cost assigned to ending inventory using (6) FIFO.(6) LIFO.(c) weighted average, and (c) specific identification. (For specific identification, units sold consist of 660 units from beginning inventory. 230 from the February 10 purchase, 110 from the Merch 13 purchase, 110 from the August 21 purchase, and 335 from the September 5 purchase.) Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO. (Round your average cost per unit to 2 decimal places.) Perpetual FIFO: Coat of Goode sold Cost Cost of Goode sold Goods Purchased # of unite Coat per unit Date # of unita Bold Inventory Balance Coat # of unite Inventory per unit Balance 660 $ 60.00 $ 39,600.00 per unit January 1 February 10 Total February 10 March 13 Total March 13 March 15 Total March 15 August 21 Total August 21 September 5 Total September 5 September 10 Total September 10 Totals s 0.00 S 0.00 Perpetual FIFO Perpetual LIFO Weighted Average Specificid Compute the cost assigned to ending inventory using LIFO. (Round your average cost per unit to 2 decimal places.) Goods Purchased Perpetual LIFO: Coat of Goods Sold Coat Coat of Goods per unit Sold Date # of unita Coat per unit # of unita Bold Inventory Balance # of unite Cost Inventory per unit Balance 680 at S 60.00 $ 39,800.00 January 1 February 10 Total February 10 March 13 Total March 13 March 15 Total March 15 August 21 Total August 21 September 5 Total September 5 September 10 0.00 Total September 10 Totals 5 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: Coat of Goods Sold # of units Cost sold per unit Coat of Gooda Sold Goods Purchased # of unite Cost per unit Date Inventory Balance Cost # of units Inventory per unit Balance 680at S 60.00 = $ 39,800.00 January 1 February 10 Average February 10 March 13 Average March 13 March 15 August 21 Average August 21 September Average September 5 September 10 Totals 0.00 Perpetual Firo Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using specific identification. (For specific identification, units sold consist of 660 units from beginning inventory, 230 from the February 10 purchase, 110 from the March 13 purchase, 110 from the August 21 purchase, and 335 from the September 5 purchase.) Date Specific Identification Goode Avallable for Sale Cost of Goods Sold Ending Inventory Cost per cost of Goode of units cost per # of units # of unita Cost of unit Available for Coat per Ending sold Sale unit Goods Sold In ending unit Inventory Inventory s 0 $ 0.00 S 0 0.00 0 0 0.00 0 0.00 0 0 0.00 0 0.00 0 0 0.00 0 0.00 0 January 1 February 10 March 13 August 21 0 0.00 September 5 Total 0 0 0 $ 0 0 S

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