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Problem 6-4AA (Algo) Periodic: Alternative cost flows LO P3 Montoure Company uses a periodic inventory system. It entered into the following calendar-year purchases and
Problem 6-4AA (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 Acquired at Cost 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 Required: 615 units 430 units 215 units $45.00 per unit $42.00 per unit $27.00 per unit 860 units $75.00 per unit 115 units 515 units $50.00 per unit $46.00 per unit 1,890 units 630 units $75.00 per unit 1,490 units 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. Ending inventory units
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