Question 1 - 2 - Conect Seved Help Save & Ext Subre Problem 5-3A (Algo) Perpetual: Alternative cost flows LO P1 Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions. Units Bold at Retail Date January 1 February 10 March 13 March 15 August 21 September 5 September 10 Units Aequired at Coat 540 units @ $40 per unit 320 units @ $36 per unit 100 units @ $24 per unit Activities Beginning inventory Purchase Purchase Sales Purchase Purchase Sales Totals 650 units @ $85 per unit 120 units @ $45 per unit 520 unitse $41 per unit 640 units $85 per unit 1,290 units 1,600 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 Next > Prey 1 of 4 ! 2. Compute the number of units in ending Inventory. Ending inventory units 3. Compute the cost assigned to ending inventory using () FIFO (O) LIFO. ( weighted average, and (c) specific identification. (For specific identification, units sold consist of 540 units from beginning inventory, 220 from the February 10 purchase, 100 from the March 13 purchase, 70 from the August 21 purchase, and 360 from the September 5 purchase.) Complete this question by entering your answers in the tabs below. Weighted Average Specific id Perpetual FIFO Perpetual LIFO Compute the cost assigned to ending inventory using FIFO. (Round your average cost per unit to 2 decimal places) Saved Help Save & Exit Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending Inventory using FIFO. (Round your average cost per unit to 2 decimal places.) Porpetual FIFO: Cost of Goods Sold # of units Cost per cost of Goods Sold sold unit Goods Purchased Cost per # of units unit Date Inventory Balance Cont per Inventory # of units unit Balance 540 at $ 40.00 - $ 21,600.00 January 1 February 10 Total February 10 March 13 Total March 13 March 15 Total March 15 Total March 15 August 21 Total August 21 ped September 5 Total September 5 September 10 Perpetual LIO) Total September 10 Totals Perpetual FIFO Perpetual LIFO Weighted Average Specific id Compute the cost assigned to ending Inventory using LIFO. (Round your average cost per unit to 2 decimal places.) Perpetual LIFO: Goods Purchased Cost of Goods Sold Inventory Balance Dato Cost per Cost per # of units Inventory Cost per cost of Goods Sold # of units # of units unit Balance unit unit sold 540 at $ 40.00 - $ 21,600.00 January 1 February 10 Total February 10 March 13 Total March 13 March 15 Total March 15 Next > Exam 20 Total March 15 1 August 21 20 points Total August 21 Skipped September 5 Total September 6 September 10 Total September 10 Totals Welighted Average > Save & Exit Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending Inventory using weighted average. (Round your average cost per unit to 2 decimal places.) Goods Purchased Date Weighted Average Perpetual: Cost of Goods Sold # of units Cost of Goods Sold sold unit # of units Cost per Cost per unit Inventory Balance Cost per Inventory #of units unit Balance 540 at $40.00 $21,600,00 January 1 February 10 Average February 10 March 13 Average March 13 March 15 August 21 Average August 21 September Sun Caremhers 2A-BUAC-020A-0692 - Financial Accounting Question 1 Exam 2 - Connect Os 10 Plastication Saved Help Save & Exit Sut Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending Inventory using specific identification. (For specific identification, units sold consist of 540 units from from the February 10 purchase, 100 from the March 13 purchase, 70 from the August 21 purchase, and 360 from the September 5 purcha Specific Identification Goods Available for Sale Cost of Goods Sold Ending Inventory Date Cost of Goods Cost per of units Cost per Cost of #of units Cost per # of units Ending unit Available for sold unit unit Inventory Salo Inventory January 1 February 10 March 13 August 21 September 5 Total Goods Sold In ending Prey 1 of 4 ! 2. Compute the number of units in ending Inventory. Ending inventory units 3. Compute the cost assigned to ending inventory using () FIFO (O) LIFO. ( weighted average, and (c) specific identification. (For specific identification, units sold consist of 540 units from beginning inventory, 220 from the February 10 purchase, 100 from the March 13 purchase, 70 from the August 21 purchase, and 360 from the September 5 purchase.) Complete this question by entering your answers in the tabs below. Weighted Average Specific id Perpetual FIFO Perpetual LIFO Compute the cost assigned to ending inventory using FIFO. (Round your average cost per unit to 2 decimal places) Saved Help Save & Exit Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending Inventory using FIFO. (Round your average cost per unit to 2 decimal places.) Porpetual FIFO: Cost of Goods Sold # of units Cost per cost of Goods Sold sold unit Goods Purchased Cost per # of units unit Date Inventory Balance Cont per Inventory # of units unit Balance 540 at $ 40.00 - $ 21,600.00 January 1 February 10 Total February 10 March 13 Total March 13 March 15 Total March 15 Total March 15 August 21 Total August 21 ped September 5 Total September 5 September 10 Perpetual LIO) Total September 10 Totals Perpetual FIFO Perpetual LIFO Weighted Average Specific id Compute the cost assigned to ending Inventory using LIFO. (Round your average cost per unit to 2 decimal places.) Perpetual LIFO: Goods Purchased Cost of Goods Sold Inventory Balance Dato Cost per Cost per # of units Inventory Cost per cost of Goods Sold # of units # of units unit Balance unit unit sold 540 at $ 40.00 - $ 21,600.00 January 1 February 10 Total February 10 March 13 Total March 13 March 15 Total March 15 Next > Exam 20 Total March 15 1 August 21 20 points Total August 21 Skipped September 5 Total September 6 September 10 Total September 10 Totals Welighted Average > Save & Exit Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending Inventory using weighted average. (Round your average cost per unit to 2 decimal places.) Goods Purchased Date Weighted Average Perpetual: Cost of Goods Sold # of units Cost of Goods Sold sold unit # of units Cost per Cost per unit Inventory Balance Cost per Inventory #of units unit Balance 540 at $40.00 $21,600,00 January 1 February 10 Average February 10 March 13 Average March 13 March 15 August 21 Average August 21 September Sun Caremhers 2A-BUAC-020A-0692 - Financial Accounting Question 1 Exam 2 - Connect Os 10 Plastication Saved Help Save & Exit Sut Complete this question by entering your answers in the tabs below. Perpetual FIFO Perpetual LIFO Weighted Average Specific Id Compute the cost assigned to ending Inventory using specific identification. (For specific identification, units sold consist of 540 units from from the February 10 purchase, 100 from the March 13 purchase, 70 from the August 21 purchase, and 360 from the September 5 purcha Specific Identification Goods Available for Sale Cost of Goods Sold Ending Inventory Date Cost of Goods Cost per of units Cost per Cost of #of units Cost per # of units Ending unit Available for sold unit unit Inventory Salo Inventory January 1 February 10 March 13 August 21 September 5 Total Goods Sold In ending