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

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Accounting

Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transactions.
Date Activities Units Acquired at Cost Units Sold at Retail
January 1 Beginning inventory 600 units @ $60 per unit
February 10 Purchase 480 units @ $57 per unit
March 13 Purchase 120 units @ $42 per unit
March 15 Sales 785 units @ $80 per unit
August 21 Purchase 180 units @ $65 per unit
September 5 Purchase 470 units @ $63 per unit
September 10 Sales 650 units @ $80 per unit
Totals 1,850 units 1,435 units
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