Montoure Company uses a periodic inventory system. It entered into the following calendar-year purchases and sales transactions.
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Montoure Company uses a periodic inventory system. It entered into the following calendar-year purchases and sales transactions. Date January 1 February 10 Activities Beginning inventory Purchase Units Acquired at Cost 645 units @ $45.00 per unit 490 units @$42.00 per unit 245 units @ $27.00 per unit Purchase Sales Purchase Purchase Sales Totals March 13 March 15 August 21 September 5 September 10 145 units 545 units 2,070 units @ $50.00 per unit @$46.00 per unit Units Sold at Retail 980 units 690 units 1,670 units @ $75.00 per unit @ $75.00 per unit
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