Problem 5-4AA (Static) Perpetual: Alternative cost flows LO P3 Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions. Units Sold at Retail 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 Units Acquired at Cost 600 units @ $45 per unit 400 units @ $42 per unit 200 units@ $27 per unit 100 units @ $50 per unit 500 units@ $46 per unit 800 units @ $75 per unit 600 units @ $75 per unit 1,400 units 1,800 units Perpetual FIFO Perpetual LIFO Weighted Average Specific Id 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 Cost of Goods Sold Inventory Balance # of Cost # of units Cost Cost Cost of Goods Date Inventory per # of units units per sold per unit unit Sold unit Balance Jan 1 600 $ 45.00 27,000.00 @ = Feb 10 400 @ 42.00 600 45.00 S 42.00 400 O @ = @ @ $ 27,000.00 16,800.00 $ 43,800.00 Average 1000 200 Mar 13 > @ @) $ 27.00 s 27.00 = 200@ 200 11 Mar 15 800 S 41.00 = $ 32,800.00 400 > > = @ @ 41.00 s 41.00 Aug 21 $ 50.00 100 11 400 100 @ 5,400.00 $5,400.00 $ 16,400.00 $ 16,400.00 5,000.00 $ 21,400.00 $ 21,500.00 23,000.00 $ 44,500.00 x Average 500 X @ X 11 @ @ 50.00 s 43.00 S 43.00 S 46.00 Sept 5 500 @ $ 46.00 > > a) 11 500 500 1000 = = > 11 @ Sept 10 600 > S 44.40 600 @ li 44.40 $ 26,640.00 $ 59,440.00 $ 26,640.00 Totals