Problem 5-3A (Algo) Perpetual: Alternative cost flows LO P1 Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions. Date January 1 Activities Beginning inventory February 10 Purchase March 13 Purchase March 15 Sales August 21 Purchase September 5 Purchase September 10 Sales Totals Units Acquired at Cost 560 units @ $55 per unit 440 units @ $52 per unit 140 units @ $40 per unit 180 units @ $60 per unit 540 units @ $57 per unit 1,860 units Units Sold at Retail 710 units @ $85 per unit 720 units @ $85 per unit 1,430 units Required: 1. Compute cost of goods available for sale and the number of units available for sale. Cost of goods available for sale $ 100,860 Number of units available for sale 1,860 units 2. Compute the number of units in ending inventory. Ending inventory 430 units