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.

DateActivitiesUnits Acquired at CostUnits Sold at RetailJanuary 1Beginning inventory580units@ $40 per unit February 10Purchase420units@ $38 per unit March 13Purchase180units@ $25 per unit March 15Sales 755units@ $70 per unitAugust 21Purchase190units@ $45 per unit September 5Purchase560units@ $41 per unit September 10Sales 750units@ $70 per unit Totals1,930units 1,505units