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Montoure Company | |||||||||
Perpetual Specific Identification Method | |||||||||
Date | Cost of Goods available for sale | Cost of Goods sold | Inventory Balance | ||||||
No. of Units | Cost per unit | Amount | No. of Units | Cost per unit | Cost of Goods sold | No. of Units | Cost per unit | Inventory Balance | |
1-Jan | 660.00 | 35.00 | 23,100.00 | 660.00 | 35.00 | 23,100.00 | |||
10-Feb | 330.00 | 32.00 | 10,560.00 | 660.00 | 35.00 | 23,100.00 | |||
330.00 | 32.00 | 10,560.00 | |||||||
13-Mar | 110.00 | 20.00 | 2,200.00 | 660.00 | 35.00 | 23,100.00 | |||
330.00 | 32.00 | 10,560.00 | |||||||
110.00 | 20.00 | 2,200.00 | |||||||
15-Mar | 660.00 | 35.00 | 23,100.00 | 230.00 | 32.00 | 7,360.00 | |||
100.00 | 32.00 | 3,200.00 | 110.00 | 20.00 | 2,200.00 | ||||
21-Aug | 180.00 | 40.00 | 7,200.00 | 230.00 | 32.00 | 7,360.00 | |||
110.00 | 20.00 | 2,200.00 | |||||||
180.00 | 40.00 | 7,200.00 | |||||||
5-Sep | 570.00 | 36.00 | 20,520.00 | 230.00 | 32.00 | 7,360.00 | |||
110.00 | 20.00 | 2,200.00 | |||||||
180.00 | 40.00 | 7,200.00 | |||||||
570.00 | 36.00 | 20,520.00 | |||||||
10-Sep | 130.00 | 32.00 | 4,160.00 | 100.00 | 32.00 | 3,200.00 | |||
110.00 | 20.00 | 2,200.00 | 50.00 | 40.00 | 2,000.00 | ||||
130.00 | 40.00 | 5,200.00 | 190.00 | 36.00 | 6,840.00 | ||||
380.00 | 36.00 | 13,680.00 | |||||||
Ending Inventory | 1,850.00 | 63,580.00 | 1,510.00 | 51,540.00 | 340.00 | 12,040.00 | |||
So the cost assigned to ending inventory is $ 12,040. |
Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales...
Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions Date Activities Units Acquired at Cost Units Sold at Retail Jan. 1 Beginning inventory 620 units @ $45 per unit Feb. 10 Purchase 310 units @ $42 per unit Mar. 13 Purchase 120 units @ $30 per unit Mar. 15 Sales 770 units @ $85 per unit Aug. 21 Purchase 190 units @ $50 per unit Sept. 5 Purchase 520 units @ $48...
Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions Date Activities Units Acquired at Cost Units Sold at Retail Jan. 1 Beginning inventory 600 units $40 per unit Feb. 10 Purchase 400 units@ $37 per unit Mar. 13 Purchase 190 units@ $15 per unit Mar. 15 Sales 805 units@ $70 per unit Aug. 21 Purchase 190 units @ $45 per unit Sept. 5 Purchase 550 units @ $43 per unit Sept. 10...
Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases Date Activities Units Acquired at Cost Units sold at Retail Jan. 1 Beginning inventory 540 units @ $40 per unit Feb. 10 Purchase 320 units @ $36 per unit Mar. 13 Purchase 100 units @ $24 per unit Mar. 15 Sales 650 units @ $85 per unit Aug. 21 Purchase 120 units @ $45 per unit Sept. 5 Purchase 520 units @ $41 per unit Sept....
Montoure Company uses a perpetual Inventory system. It entered into the following calendar-year purchases and sales transactions Units sold at Retail Unite Aequired at Cost 680 units 540 per unit 320 units @ $35 per unit 100 units $23 per unit Date Activities Jan. Beginning inventory Feb. 10 Purchase Mar. 13 Purchase Mar. 15 Sales Aug. 21 Purchase Sept. 5 Purchase Sept. 10 Sales Totals 720 unitse $75 per unit 130 units 490 units $45 per unit $41 per unit...
Montoure Company uses a perpetual inventory system. It entered into the following calendar year purchases and sales transactions Units Acquired at Cost Units Sold at Retail 660 units @ $35 per unit 330 units@ $32 per unit 110 units @ $20 per unit Date Activities Jan. 1 Beginning inventory Feb. 10 Purchase Mar. 13 Purchase Mar. 15 Sales Aug. 21 Purchase Sept. 5 Purchase Sept. 10 Sales Totals 760 units @ $75 per unit 180 units @ $40 per unit...
Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions Date Activities Units Acquired at Cost Units Sold at Retail Jan. 1 Beginning inventory 660 units @ $60 per unit Feb. 10 Purchase 330 units @ $57 per unit Mar. 13 Purchase 110 units @ $45 per unit Mar. 15 Sales 715 units @ $70 per unit Aug. 21 Purchase 160 units @ $65 per unit Sept. 5 Purchase 570 units @ $61...
Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions Units Sold at Retail Units Acquired at Cost 620 units@ $45 per unit 310 units @ $42 per unit 120 units @ $30 per unit Date Activities Jan. 1 Beginning inventory Feb. 10 Purchase Mar. 13 Purchase Mar. 15 Sales Aug. 21 Purchase Sept. 5 Purchase Sept. 10 Sales Totals 770 units@ $85 per unit 190 units @ $50 per unit 520 units...
Montoure Company uses a perpetual Inventory system. It entered into the following calendar year purchases and sales transactions. Units Sold at Retail Units Acquired at Cost 600 units $45 per unit 400 units $42 per unit 200 units $27 per unit Date Activities Jan. 1 Beginning inventory Feb. 10 Purchase Mar. 13 Purchase Mar. 15 Sales Aug. 21 Purchase Sept. 5 Purchase Sept. 10 Sales Totals 800 units $75 per unit 100 units $50 per unit 500 units @ $46...
Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions Date Activities Units Acquired at Cost Units Sold at Retail Jan. 1 Beginning inventory 600 units @ $35 per unit Feb. 10 Purchase 300 units @ $32 per unit Mar. 13 Purchase 150 units @ $20 per unit Mar. 15 Sales 725 units @ $80 per unit Aug. 21 Purchase 190 units @ $40 per unit Sept. 5 Purchase 540 units @ $37...