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 600 units @ $45 per unit 400 units & $42 per unit 200 units e $27 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 800 units e $75 per unit 100 units @ $50 per unit 500 units e $46 per unit 1,800 units 600 unitse $75 per unit 1,400 units Perpetual LIFO: Goods Purchased Cost of Goods Sold Inventory Balance Date # of units Cost per # of units sold Cost per unit unit Cost of Goods Sold # of units Jan 1 Cost per unit $45.00 = Inventory Balance $ 27,000.00 600 @ Feb 10 Mar 13 Mar 15 Aug 21 Sept 5 Sept 10 Totals 0.00 Weighted Average Perpetual: Goods Purchased # of Cost per Date units unit Cost of Goods Sold # of units Cost per cost of Goods Sold sold unit Cost per Inventory Balance # of units Inventory unit Balance 600 @ $45.00 - $ 27,000.00 Jan 1 Feb 10 Average Mar 13 Mar 15 Aug 21 Average Sept 5 Sept 10 Totals $ 0.00 Specific Identification: Goods Purchased Cost of Goods Sold Dato # of units Cost per unit # of units sold Cost per unit Cost of Goods Sold Inventory Balance # of units Cost Inventory per unit Balance 600 @ $45.00 = $ 27,000.00 January 1 February 10 March 13 March 15 Aug 21 Sep 5 Sep 10 Totals $ 0.00