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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
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. required: 1. Compute cost of goods available for sale and the number of units available for sale. 2. Compute the number of units in ending inventory. Complete this question by entering vour answers in the tabs below. Compute the cost assigned to ending inventory using LIFO. (Round your average cost per unit to 2 decimal places.) Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimai places.) Compute the cost assigned to ending inventory using specific identification. (For specific identification, units sold consist of 600 units from beginning inventory, 260 from the February 10 purchase, 150 from the March 13 purchase, 150 from the August 21 purehase, and 385 from the September 5 purchase.)
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