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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 600 units @ $40 per unit
Feb. 10 Purchase 360 units @ $37 per unit
Mar. 13 Purchase 150 units @ $25 per unit
Mar. 15 Sales 765 units @ $80 per unit
Aug. 21 Purchase 200 units @ $45 per unit
Sept. 5 Purchase 580 units @ $42 per unit
Sept. 10 Sales 780 units @ $80 per unit
Totals 1,890 units 1,545 units

Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places.)

Compute the cost assigned to ending inventory using weighted average. (Round your average cost per unit to 2 decimal places.)


Compute the cost assigned to ending inventory using specific identification. For specific identification, units sold consist of 600 units from beginning inventory, 260 from the February 10 purchase, 150 from the March 13 purchase, 150 from the August 21 purchase, and 385 from the September 5 purchase. (Round your average cost per unit to 2 decimal places.)


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ekkarill92 answered 8 months ago
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