Problem 5-3A Perpetual: Alternative cost flows LO P3Montoure Company uses a perpetual inventory system. It entered into the following calendar-year 2013 purchases and sales transactions.  DateActivit

Problem 5-3A Perpetual: Alternative cost flows LO P3

Montoure Company uses a perpetual inventory system. It entered into the following calendar-year 2013 purchases and sales transactions.

 DateActivitiesUnits Acquired at CostUnits Sold at Retail

 Jan.1 Beginning inventory 600 units @ $45 per unit    

 Feb.10 Purchase 400 units @ $42 per unit    

 Mar.13 Purchase [email protected] $27 per unit    

 Mar.15 Sales     800 [email protected] $75 per unit

 Aug.21 Purchase 100 units @ $50 per unit    

 Sept.5 Purchase 500 units @ $46 per unit    

 Sept.10 Sales     600 [email protected] $75 per unit

      Totals 1,800 units  1,400 units 

Required:

1.

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

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