Problem 5-3A 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 620 units @ $45 per unit 310 units @ $42 per unit 120 units @ $30 per unit Date Activities Jan. 1 Beginning inventory Feb. 10 Purchase Mar. 13 Purchase Mar. 15 Sales Aug. 21 Purchase Sept. 5 Purchase Sept. 10 Sales Totals 770 units @ $85 per unit 190 units @ $50 per unit 520 units @ $48 per unit 710 units @ $85 per unit 1,480 units 1,760 units Check Date # of units Cost per # of units unit sold Cost per unit Cost of Goods Sold # of units Cost per Inventory unit Balance $45.00 = $ 27,900.00 Jan 1 620 @ Feb 10 310 @ $ 42.00 620 @ 310 @ $ 45.00 = $ 42.00 = $ 27,900.00 13,020.00 $ 40,920.00 Mar 13 120 @ $ 30.00 620 @ $ 45.00 = 310 @ $ 42.00 = 120 @ $ 30.00 = $ 27,900.00 13.020.00 3,600.00 $ 44,520.00 Mar 15 620 @ 150 @ $ 45.00 $ 42.00 $ 27,900.00 6,300.00 $ 34,200.00 160 @ 120 @ $ 42.00 = $ 30.00 = $ 6,720.00 3,600.00 $ 10,320.00 Aug 21 190 @ $ 50.00 160 @ 120 @ 190 @ $ 42.00 = $ 30.00 = $ 50.00 = $ 6,720.00 3,600.00 9,500.00 $ 19,820.00 Sept 5 520 @ $ 48.00 160 @ 120 @ $ 42.00 = $ 30.00 = $ 50.00 = $ 48.00 = 190 @ 520 @ $ 6,720.00 3,600.00 9,500.00 24,960.00 $ 44,780.00 Sept 10 = 160 @ 120 @ 190 @ 240 @ $ 42.00 $ 30.00 $50.00 $ 48.00 $ 6,720.00 3,600.00 9,500.00 11,520.00 $ 31,340.00 $ 65,540.00 280 @ $ 48.00 = 13,440.00 $ 13,440.00 Totals $ 13,440.00 Check Perpetual LIFO: Goods Purchased Cost of Goods Sold Date # of units Cost per unit # of units sold Cost per unit Cost of Goods Sold Inventory Balance Cost per Inventory # of units unit Balance 620 @ $ 45.00 $ 27,900.00 Jan 1 Feb 10 Mar 13 Mar 15 Aug 21 Sept 5 Sept 10 0 Totals $ 0.00 Check Perpetual tiro Perpetual LIFU Average Specific ia Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places.) Weighted Average Perpetual: Goods Purchased # of Date Cost per units unit Jan 1 Cost of Goods Sold # of units Cost per cost of Goods Sold sold unit Inventory Balance Cost per Inventory # of units unit Balance 620 @ $ 45.00 = $ 27,900.00 Feb 10 Average Mar 13 Mar 15 Aug 21 Average Sept 5 Sept 10 Totals $ 0.00 Check Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using specific identification. For specific identification, units sold consist of 620 units from beginning inventory, 210 from the February 10 purchase, 120 from the March 13 purchase, 140 from the August 21 purchase, and 390 from the September 5 purchase. (Round your average cost per unit to 2 decimal places.) Specific Identification Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Cost per Goods # of units unit Available for Sale 620 $ 45.00 $ 27,000 # of units sold Cost per unit Cost of Goods Sold # of units Cost per in ending inventory Ending Inventory unit 0 $ 45.00 $ 0 210 $ 42.00 8,820 100 $ 42.00 4,200 Beginning inventory Purchases: Feb 10 March 13 Aug 21 Sep 5 Total 16,800 5,400 5,000 0 310 $ 42.00 120 $ 30.00 190 $ 50.00 520 $ $ 48.00 1,760 0 0 $ 30.00 $ 50.00 $ 48.00 0 0 0 23,000 $ 77,200 210 $ 8,820 100 $ 4,200