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. Units Sold at Retail Units Acquired at Cost 680 units @ $40 per unit 320 units @ $37 per unit 170 units @ $25 per unit 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 800 units @ $85 per unit 110 units 470 units @ $45 per unit @ $42 per unit 580 units @ $85 per unit 1,380 units 1,750 units Required: 1. Compute cost of goods available for sale and the number of units available for sale. Cost of goods available for sale Number of units available for sale units 2. Compute the number of units in ending inventory. Ending inventory units 3. Compute the cost assigned to ending Inventory using (a) FIFO. (b) LIFO. (C) weighted average, and (d) specific identification. (For specific identification, units sold consist of 680 units from beginning inventory, 220 from the February 10 purchase, 170 from the March 13 purchase, 60 from the August 21 purchase, and 250 from the September 5 purchase.) Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific id olace Compute the cost assigned to ending inventory using FIFO. (Round your average cost per unit to 2 dec ma place) Perpel Goods Purchased Cost of Gasse Im Babae Hol units Cost Hof units Cost Cont Cost of Goods Sold on hectory per unit sold per unit per un Balance January 1 890 3000 - $ 2.200.00 February 10 Total February 10 March 13 Te March 13 March 15 Total March 15 August 21 Total August 21 September 5 Total September 3 September 10 Total September 10 Totals Perpetual LIFO > TUTT OG TY, LU mereu udry purus, 13 purchase, 60 from the August 21 purchase, and 250 from the September 5 purchase.) Complete this question by entering your answers in the tabs below. Perpetual Properpetual uro Weighted Average Specific 10 Compute the cost assigned to ending inventory using LIFO. (Round your average cost per unit to 2 decimal places.) Perpetual LIFO Goods Purchased Cost of Goods Sold Inventory Balance Cost of units of units Cost Cost Cost of Goods Sold Inventory per unit sold of units per unit Balance January 1 680) at $ 40.00 = $ 27.200.00 Daate per unit 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 A Contsrce neft came hu the manufar och nf the four mathade In Una carta dari Complete this question by entering your answers in the tabs below. Purpetual pro Perpetual uro Welghted Specific id Average Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places.) Welchted Avenge Perpetual Goods Purchased Cost of Goods Sold Inventory Balance Date of units Cost of units Cost Cost Cost of Goods Sold sold Inventory #of units per unit per unit Balance January 1 690 $40.000 = $ 27.200.00 per unit February 10 Average February 10 March 13 Average March 13 March 15 August 21 Average August 21 September 5 Average September 5 September 10 Tota's pecific Identification units sold consist of 680 units from beginning Inventory, 220 from the February 10 purchase. 170 from 3 purchase, 60 from the August 21 purchase, and 250 from the September 5 purchase.) Complete this question by entering your answers in the tabs below. Perpetual Pro Perpetual LIFO Weighted Average Specific id Compute the cort assigned to ending inventory using specific identification. (For specific identification, units sold consist of 680 unit from the February 10 purchase, 170 from the March 13 purchase, 60 from the August 21 purchase, and 250 from the September 5 Specific Identification: Goods Purchased Cost of Goods Sold Inventory Balance Date Cost of units Cost Cost of Goods Sold Cost per unit Inventory sold of units per unit Balance January 1 650 at $40.00 at $40.00 at $40.00= February 10 320 at $37.00 at $37.00] = at $ 37.00) = March 13 $ 25.00 at $25.00 = at $25.00 = August 21 110 at $ 45.00 at $ 45.00 = at = September 5 470 at $42.00 at $42.00 at Totals 1,760 of units per unit 170) at ||||||| ----