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Problem 5-4AA (Algo) Periodic: Alternative cost flows LO P3 Montoure Company uses a periodic inventory system. It entered into the following calendar-year purchases and
Problem 5-4AA (Algo) Periodic: Alternative cost flows LO P3 Montoure Company uses a periodic inventory system. It entered into the following calendar-year purchases and sales transactions. Date January 1 Units Sold at Retail Activities Beginning inventory February 10 March 13 Purchase Purchase March 15 Sales August 21 Purchase September 5 Purchase September 10 Sales Totals Required: Units Acquired at Cost 680 units 560 units 280 units $45.00 per unit $42.00 per unit $27.00 per unit 180 units 580 units @ $50.00 per unit @ $46.00 per unit 2,280 units 1. Compute cost of goods available for sale and the number of units available for sale. Cost of goods available for sale $ 97,360 Number of units available for sale 2,280 units 1,120 units @ $75.00 per unit 760 units @$75.00 per unit 1,880 units
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