Problem 6-3A (Algo) Perpetual: Alternative cost flows LO P1 Montoure Company uses a perpetual Inventory system....
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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 sales transactions Oute January 1 February 10 March 13 March 15 August 21 September 5 September 10 Activities Beginning inventory Purchase Purchase Sales Purchase Purchase Sales Totals 680 units Units Acquired at Cost $40 per unit 120 units #537 per unit Units Sold at Retail 170 units $25 per unit 130 units $45 per unit 470 units 542 per unit 1,750 units 1,300 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 unt 2. Compute the number of units in ending inventory Check my work 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 Oute January 1 February 10 March 13 March 15 August 21 September 5 September 10 Activities Beginning inventory Purchase Purchase Sales Purchase Purchase Sales Totals 680 units Units Acquired at Cost $40 per unit 120 units #537 per unit Units Sold at Retail 170 units $25 per unit 130 units $45 per unit 470 units 542 per unit 1,750 units 1,300 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 unt 2. Compute the number of units in ending inventory Check my work
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