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

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Accounting

Montoure Company uses a periodic inventory system. It entered into the following calendar-year purchases and sales transactions.
Required:
Compute cost of goods available for sale and the number of units available for sale.
\table[[Cost 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 (d) specific identification. For specific identification, units sold consist of 605 ubits from beginning inventory, 305 from the February 10 purchase, 205 from the March 13 purchase, 55 from the August 21 purchase, and 260 from the September 5 purchase.
Note: Round your average cost per unit to 2 decimal places. Round your final answers to the nearest whole dollar amount.
\table[[,Ending Inventory],[(a) FIFO,],[(b) LIFO,]]
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