Montoure Company uses a periodic inventory system. It entered into the following calendaryear purchases and sales transactions.
Required:
Compute cost of goods available for sale and the number of units available for sale.
tableCost 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 weighted average, and specific identification. For specific identification, units sold consist of ubits from beginning inventory, from the February purchase, from the March purchase, from the August purchase, and from the September purchase.
Note: Round your average cost per unit to decimal places. Round your final answers to the nearest whole dollar amount.
tableEnding Inventorya FIFO,b LIFO,
