All the same question just different parts 5Exercises/Problems Help Problem 5-3A

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All the same question just different parts
5Exercises/Problems Help Problem 5-3A Perpetual: Alternative cost flows LO P1 Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions vicies 560 units 35 per unit 140 units8 $52 per unit 140 units 8 Ta. 1 Beginming inventory Purchase Mar. 13 Parchae Mar. 15 Sales 340 per unit 710 unita $85 per unit 180 unit$60 per unit 540 units 557 per umit 21 Purebaze Sept Purchase Sept. 10 Sales 720 unitse 585 per unit Totals 860 units Required 1. Compute cost of goods available for sale and the number of units available for sale Cost of goods aailable for sale Prey 5of7 Next >

Explanation / Answer

Solution 1:

Solution 2a:

Solution 2b:

Solution 2c:

Solution 2d:

Ending inventory cost under specific identfication = Cost of goods available for sale - Cost of goods sold

= $100,860 - $76,700 = $24,160

Computation of units and cost of goods available for sale Date Qty Rate Cost of goods 1-Jan 560 $55.00 $30,800.00 10-Feb 440 $52.00 $22,880.00 13-Mar 140 $40.00 $5,600.00 21-Aug 180 $60.00 $10,800.00 5-Sep 540 $57.00 $30,780.00 Total 1860 $100,860.00

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