Question
Required: 1. Compute cost of goods available for sale and the number of units available for sale Montoure Company uses a perpetual inventory system. It
Required: 1. Compute cost of goods available for sale and the number of units available for sale
Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions- Date January 1 February 10 Activities Beginning inventory Purchase Purchase Sales Purchase Purchase Sales Totals Units Acquired at Cost March 13 march 15 August 21 September September Required: 630 units 370 units 100 units 160 units 520 units 1,780 units @ $50 $46 $34 $55 $51 per per per per per unit unit unit unit unit s 10 Units Sold at Retail 740 units @ $75 per unit 680 units @ $75 per unit 1,420 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
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