Question: accounting practice please help er 6 Homework Required i Saved Help Montoure Company uses a periodic inventory system. It entered into the following calendar-year purchases
accounting practice please help
er 6 Homework Required i Saved Help Montoure Company uses a periodic inventory system. It entered into the following calendar-year purchases and sales transactions. Date Activities Jan. 1 Beginning inventory Units Acquired at Cost 630 units @ $50.00 per unit Units Sold at Retail Feb. 10 Purchase 415 units @ $47.00 per unit Mar. 13 Purchase 215 units @ $32.00 per unit Mar. 15 Sales 815 units @ $80.00 per unit Aug. 21 Purchase 130 units @ $55.00 per unit Sept. 5 Purchase 530 units @ $51.00 per unit Sept. 10 Sales 660 units @ $80.00 per unit ces Totals 1, 920 units 1, 475 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
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