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

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Accounting

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

DateActivitiesUnits Acquired at CostUnits Sold at Retail
Jan.1Beginning inventory600units@ $40 per unit
Feb.10Purchase360units@ $37 per unit
Mar.13Purchase150units@ $25 per unit
Mar.15Sales765units@ $80 per unit
Aug.21Purchase200units@ $45 per unit
Sept.5Purchase580units@ $42 per unit
Sept.10Sales780units@ $80 per unit
Totals1,890units1,545units

Compute the cost assigned to ending inventory using weightedaverage. (Round your average cost per unit to 2 decimalplaces.)

Compute the cost assigned to ending inventory using weightedaverage. (Round your average cost per unit to 2 decimalplaces.)


Compute the cost assigned to ending inventory using specificidentification. For specific identification, units sold consist of600 units from beginning inventory, 260 from the February 10purchase, 150 from the March 13 purchase, 150 from the August 21purchase, and 385 from the September 5 purchase. (Roundyour average cost per unit to 2 decimal places.)


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