FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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I need help finishing this please. H5.C6
Transcribed Image Text:Date
January 1
February 10
Average February 10
March 13
Average March 13
March 15
August 21
Average August 21
September 5
Average September 5.
September 10
Totals
Goods Purchased
# of units
460
100
at
at
170 at
430 at
Cost
per
unit
GAL
$
53.00
$
40.00
$
61.00
$
54.00
>
3
>
>
Weighted Average Perpetual:
Cost of Goods Sold
Cost
per
unit
# of units
sold
745
600
>
at
at
$
52.80
$
54.80
VIE
Cost of Goods
Sold
$ 39,336.00
= $32,880.00
$72,216.00
# of units
540
540
460
1,000
100
355
355
355 x at
170
>>
455 at
430
>>
>>
355
at
at
3 *
at
at
3
at
525 at
at
at
425 x at
at
855 at
at
Inventory Balance
Cost
per
unit
at
$
55.00
$
55.00
$
53.00
$
GA L
54.08
$
54.08
$
40.00
$
52.80
கம்
52.80
$
52.80
$
61.00
$
55.46
$
55.46
$
54.00
$
54.80
$
54.80
>
>
>
>
>
>
=
=
=
=
=
=
=
=
=
=
=
=
=
Inventory
Balance
$
29,700.00
$
29,700.00
24,380.00
$
54,080.00
$
$
23,198.40
19,198.40
4,000.00
$
18,744.00
S
18,744.00
10,370.00
S
29,114.00
$
23,570.50
23,220.00
S
46,790.50
S
19,454.00
Transcribed Image Text:Montoure Company uses a perpetual inventory system. It entered into the following calendar-year purchases and sales transacti
Units Sold at Retail
Activities
Beginning inventory
Purchase
Units Acquired at Cost
540 units
@$55 per unit
@ $53 per unit
460 units
100 units
Purchase
@ $40 per unit
Sales
Purchase
Purchase
Sales
Totals
Date
January 1
February 10
March 13
March 15
August 21
September 5
September 10
170 units
430 units
1,700 units
@ $61 per unit
@ $54 per unit
745 units @ $80 per unit
600 units @ $80 per unit
1,345 units
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