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 Oste Units Sold at Retail Units Acquired at Cost 660 units 555 per unit 330 units 352 per unit 110 units $40 per unit Activities Jan. 1 Beginning inventory Feb. 10 Purchase Mar. 13 Purchase Mar. 15 Sales Aug. 21 Purchase Sept. 5 Purchase Sept. 10 Sales Totals 780 units @ $75 per unit 140 units $60 per unit 420 units 556 per unit 1,660 units 560 units 575 per unit 1,340 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 Goods Purchased # of units unit Date Cost per # of units sold Cost of Goods Sold Cost per Cost of Goods Sold unit Inventory Balance Inventory # of units unit Balance 660 @ $55.00 = $ 36,300.00 Cost per Jan 1 Feb 10 Mar 13 Mar 15 Aug 21 Sept 5 Sept 10 Totals Perpet LEO Goods Purchased Date #of units Cost per Cost of Goods Sold # of units Cost per cost of Goods Sold unit unit Cost per sold Inventory Balance # of units Inventory unit Balance 660 @ $ 55.00 = $ 36,300.00 Jan 1 Feb 10 Mar 13 Mar 15 Aug 21 Sept 5 Sept 10 Totals