Question

Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions Units Sold at Retail Units Required at Cost 620 units $45 per unit 380 units $42 per unit 100 units $30 per unit Date Activities Jan. 1 Beginning inventory Peb. 10 Purchase Mar. 13 Purchase Mar. 15 Sales Aug. 21 Purchase Sept. 5 Purchase Sept. 10 Sales Totale 735 units $70 per unit 170 units 400 units $50 per unit 346 per unit $70 per unit 570 unit 1.305 units 1.670 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

Answer 1

ch cost of goods available for sale Jan 1 - 620 * 4 45 - Bebo - Spor 42 - Mart3 - 100 4 80 Aug21 - HOX $50 Spr - 400* 646 1610 $24.900 $ 15,960 48.000 48,500 $ 18, 400 3,760 po coet g good's Funilable for Sale - No. good failable for sale - $ 73,460 1670 unit

ventory 1670- 1850 1 305 865 Ending Ewentory · 369 units ) FREO Goodi puchoued Cost Of Goodi sold Cool De #gun Reco Date sold unit coa int Jana Roto 380 842 Prventoly Balance wo O Der Inventory units I wait Balance 620 $45 € 27900 620 $45 € 24,900 880042 $15,960 620 $45 $27,900 380 442 418,960 100 430 $3,000 Mau 13 100 $30 $4.2 $11,130 Mails 620 115 445 a1,900 $42 64880 265 100 140 Aug 21 265 $50 too 170 $60 43,000 442 410186 $ 20 $3000 $50 $8,500 842 811130 880 3000 450 $8,500 446 18,400 Sert s 400 $46 265 100 170 400 Septro 265 1 365 $46 $16790 100 10 $42 480 $50 $46 $11,180 3000 $8500 1610 $56,970 35 Total 1305 416,790 365

Про Puchoic cous Ending inventan units Cost Inventoy Cost po Date anith Cos Do COQ units 6ao $45 324.900 Jana 4r 427,900 Reb to 880 $42 $15,960 620 Mart3 100 $ 30 $45 442 8a7ADO $13,960 100 430 4300 100 430 43000 365 445 $16,425 Mar 15 380 $42 $ 15,960 255 845 $11,445 865 $50 445 Augal 170 $16,421 48,500 170 450 Septs 400 346 365 $45 $16,425 170 400 865 $50 $8,500 446 $ 18,400 $45 & 16,425 400 $46 $18,400 Sept 10 170 450 $ 8500 Tolou 1305 $57,33 365 $16,425

weighted Average cow Puchard Ending inventory. units cost hventory Cost po cost units unit Coas Dale 620 445 427,900, Jana 0000 43.86 $43,860 feb to 380 $42 1100 $426 $ 46,860 Mat13 too $ 30 785 $426 $ 31,311 Mau15 365 $426 $15,549 535 $44.95 + 24049 170 Aug 21 $50 935 645.4 42,449 septs 400 365 $45.4 $ 16,5+1 $45.4 $25,878 ep 10 570 $16,57 | $57,189 365 Total 180

Specitie ldentification Coas Inventory Balance Date units Cost o unit cost cow Lune cair po an1 620 Gap Prventou Bale $45 $27,900 44: saigoO teblo 280 $42 880 41 15,960 mar13 100 30 620 $271900 445 $42 $30 $15,960 $3000. 100 mar 15 26 042 $11,00 620 Koo $4 427,900 $42 64630 Aug 21 170 $50 100 265 100 170 Sept 3 400 946 265 lou 1 to $30 $42 430 $50 842 430 $50 846 142 $50 $46 €3000 411,130 $3,000 $8.500 911130 $3,000 $8500 18,400 $4200 $ 2500 9890 lepro 165 100 120 186 $42 $6930 430 43000 10 $ 6000 846 8510 400 100 $0 as Total 1305 365 $16,590