Saved Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions. 4 Date January 1 February 10 March 13 March 15 August 21 September 5 September 10 Units Sold at Retail Activities Beginning inventory Purchase Purchase Sales Purchase Purchase Sales Totals Units Acquired at Cost 570 units @ $50 per unit 380 units @ $47 per unit 190 units @ $35 per unit 200 units 590 units 700 units @ $75 per unit @ $55 per unit @ $53 per unit 1,938 units 790 units @ $75 per unit 1,490 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 2. Compute the number of units in ending inventory Ending inventory units 2. Compute the number of units in ending inventory. Ending inventory units 3. Compute the cost assigned to ending inventory using (a) FIFO. (6) LIFO. (c) weighted average, and (c) specific identification. (For specific identification units sold consist of 570 units from beginning inventory. 280 from the February 10 purchase, 190 from the March 13 purchase, 150 from the August 21 purchase, and 300 from the September 5 purchase.) Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO. (Round your average cost per unit to 2 decimal places.) Date Goods Purchased Cost per # of units unit Perpetual FIFO: Cost of Goods Sold # of units sold Cost of Goods Sold Cost per Cost per Inventory Balance # of units unit Balance 570 at $50.00 = $ 28,500.00 Inventory January 1 February 10 Total February 10 Saved Hel 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (weighted average, and (d) specific identification (For specific identification, units sold consist of 570 units from beginning inventory, 280 from the February 10 purchase, 190 from the March 13 purchase, 150 from the August 21 purchase, and 300 from the September 5 purchase.) Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using FIFO. (Round your average cost per unit to 2 decimal places.) Date Goods Purchased Cost per # of units unit Perpetual FIFO: Cost of Goods Sold # of units Cost per Cost of Goods Sold unit Sold January 1 Inventory Balance Cost per Inventory # of units unit Balance 570 at $50.00 $ 28,500.00 February 10 Total February 10 March 13 Total March 13 March 15 Total March 15 Total March 13 March 15 Total March 15 August 21 Total August 21 September 5 Total September 5 September 10 Total September 10 Totals Perpetual LIFO > Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending inventory using LIFO. (Round your average cost per unit to 2 decimal places.) Perpetual LIFO: Cost of Goods Sold Date Goods Purchased Cost per # of units unit # of units sold Cost per cost of Goods Sold Inventory Balance Cost per Inventory # of units unit Balance 570 at $ 50.00 = $ 28,500.00 unit January 1 February 10 Total February 10 March 13 Total March 13 March 15 Total March 15 August 21 Total August 21 ork: Chapter 5 Saved March 15 Total March 15 August 21 Total August 21 September 5 Total September 5 September 10 Total September 10 Totals 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.) Date Goods Purchased Cost per # of units unit Weighted Average Perpetual: Cost of Goods Sold # of units Cost per sold unit Cost of Goods Sold Inventory Balance Cost per Inventory # of units unit Balance 570 at $50.00 = $ 28,500.00 January 1 February 10 Average February 10 March 13 Average March 13 March 15 August 21 Average August 21 September 5 Average September 5 September 10 Totals Proy Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places.) Weighted Average Perpetual: Cost of Goods Sold # of units sold Cost of Goods Sold unit Goods Purchased Cost per # of units unit Date Cost per Inventory Balance Cost per Inventory # of units unit Balance 570 at $ 50.00 $ 28,500.00 January 1 February 10 Average February 10 March 13 Average March 13 March 15 August 21 Average August 21 September 5 Average September 5 September 10 Totals Perpetual FIFO Perpetual LIFO Help Save & Exit Weighted Average Specific Id Compute the cost assigned to ending inventory using specific identification. (For specific identification, units sold consist of 570 units from beginning inventory, 280 from the February 10 purchase, 190 from the March 13 purchase, 150 from the August 21 purchase, and 300 from the September 5 purchase.) Date Cost per Cost of Goods Sold January 1 February 10 March 13 August 21 September 5 Totals = Specific Identification: Cost of Goods Sold # of units sold unit at $50.00 at $ 47.00 at S 35 00 at $ 55.00 = at $ 53.00 Goods Purchased #of units Cost per unit 570 at 550.00 380 at $ 47.00 190 at $ 35.00 200 at $ 55.00 590 at $ 53.00 1,930 Inventory Balance # of units Cost per Inventory Balance unit at $50.00 = at $47.00 = at $ 35.00 = = at at