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 Date Jan 1 Feb. 10 Purchase Mar. 13 Purchase Mar. 15 Sales Aug. 21 Purchase Sept. 5 Purchase Sept. 10 Sales Activities ginning inventory Units Sold at Retail Units Acquired at Cost 600 units $60 per uni 48 units @ $57 per unit 12 units @ $42 per unit 785 units $80 per unit 180 units $65 per unit 470 units $63 per unit 650 units $80 per unit Totals 1,85 units 1, 435 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 Endin units Perpetual LIFO: oods Purchased Inventory Balance #of units Cost per | unit # of units sold Cost per unit Cost of Goods Sold Cost per unit Inventory Balance Date # of units Jan 1 600$60.0036,000.00 Feb 10 Mar 13 Mar 15 Aug 21 Sept 5 Sept 10 0 Totals 0.00 Perpetual FIFO Weighted Average Weighted Average Perpetual: oods Purchased Cost of Goods Sold Inventory Balance #of units Cost per | unit # of units sold Cost per unit Cost per Inventory Balance Date Cost of Goods Sold | # of units unit Jan 1 600 60.00$ 36,000.00 Feb 10 Average Mar 13 Mar 15 Aug 21 Average Sept 5 Sept 10 Totals 0.00 Perpetual LIFO Specific Id> Specific Identification: oods ost of Goods Sol Balance #of units Cost per | unit # of units sold Cost per unit Cost of Goods Sold Cost per unit Inventory Date # of units January 1 600| @| $60.00!=| $ 36.000.00 February 10 March 13 March 15 Aug 21 Sep 5 Sep 10 Totals 0.00 Weighted Average Specific ld