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Problem 6-3A (Algo) Perpetual: Alternative cost flows LO P1 Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and
Problem 6-3A (Algo) 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 January 1 Units Acquired at Cost 660 units $35 per unit Units Sold at Retail Activities Beginning inventory February 10 Purchase March 13 Purchase March 15 Sales August 21 Purchase September 5 Purchase September 10 Sales Totals 330 units @$32 per unit 110 units 180 units 570 units 1,850 units $20 per unit $40 per unit $36 per unit 760 units $75 per unit 750 units @ $75 per unit 1,510 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
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