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please help asap Montoure Company uses a perpetual inventory system. It entered into the following calendar-year 2013 purchases and sales transactions. Units Acquired at Cost
please help asap
Montoure Company uses a perpetual inventory system. It entered into the following calendar-year 2013 purchases and sales transactions. Units Acquired at Cost Units Sold at Retail Date Activities Jan. 1 Beginning inventory 630 units 50/unit Feb. 10 Purchase 370 units $46 unit Mar 13 Purchase 100 units 34 unit Mar. 15 Sales 740 units $75/unit Aug. 21 Purchase 160 units 55 unit Sept. 5 Purchase 520 units $51 unit Sept. 10 Sales 680 units 75 unit Totals 1,780 units 1,420 units Required 1. Compute cost of goods available for sale and the number of units available for sale Cost of goods available for sale 50 Number of units available for sale 630 units the number of units in ending inventory 2. Compute 360 units Ending inventoryStep by Step Solution
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