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Problem $5-4$AA $($Algo$)$ Perpetual: Alternative cost flows LO P$3$

Montoure Company uses a perpetual 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.

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 $560$ units from beginning inventory, $340$ from the February $10$ purchase, $140$ from the

Compute the cost assigned to ending inventory using $($a$)$ FIFO, $($b$)$ LIFO, $($c$)$ weighted average, and $($c$)$ specific identification. $($For specific identification, units sold consist of $560$ units from beginning inventory, $340$ from the February $10$ purchase, $140$ from the March $13$ purchase, $130$ from the August $21$ purchase, and $260$ from the September $5$ purchase.$)$

Complete this question by entering your answers in the tabs below.

Perpetual FIFO

Perpetual LIFO

Weighted

Average

Compute the cost assigned to ending inventory using FIFO. $($Round your average cost per unit to $2$ decimal places.$)$

$\backslash$table$[[$Perpetual FIFO:$],[$Date$,$Goods Purchased,Cost of Goods Sold,Inventory Balance$],[\backslash$table$[[$Number of$],[$units$]],\backslash$table$[[$Cost per$],[$unit$]],\backslash$table$[[$Number of$],[$units sold$]],\backslash$table$[[$Cost per$],[$unit$]],\backslash$table$[[$Cost of Goods Sold$]],\backslash$table$[[$Number of$],[$units$]],\backslash$table$[[\backslash$table$[[\backslash$table$[[$Cost per$],[$unit$]]],[$$$55\mathrm{.}00$

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