Homework ch$.3,4,5$

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Montoure Company uses a perpetual inventory system. It entered into the following calendar$-$year purchases and sales transactions.

$\backslash$table$[[$Date$,$Activities,Units Acquired at Cost,Units Sold at Retail$],[$January $1,$Beginning inventory,$700$ units,@ $$50$ per unit,$],[$February $10,$Purchase,$300$ units,@ $$46$ per unit,$],[$March $13,$Purchase,$100$ units,@ $$40$ per unit,$],[$March $15,$Sales,,,$780$ units @ $$70$ per unit$],[$August $21,$Purchase,$110$ units,@ $$55$ per unit,$],[$September $5,$Purchase,$570$ units,@ $$52$ per unit,$],[$September $10,$Sales,,,$680$ units @ $$70$ per unit$],[,$Totals,$1,780$ units,,$1,460$ units$]]$

Required:

Compute cost of goods available for sale and the number of units available for sale.

$\backslash$table$[[$Cost of goods available for sale,,$],[$Number of units available for sale,,units$]]$

Compute the number of units in ending inventory.

Ending inventory

units

Compute the cost assigned to ending inventory using

$($a$)$ FIFO,

$($b$)$ LIFO,

$($c$)$ weiahted averaae. and

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