Problem 5-3A Perpetual:Alternative cost flows LO P3 Montoure Company uses a perpetual inventory system. It entered into the following calendar-year 2013 purchases and sales transactions.Jan.1 Beginni

Problem 5-3A Perpetual:

Alternative cost flows LO P3  Montoure Company uses a perpetual inventory system. It entered into the following calendar-year 2013 purchases and sales transactions.

Jan.1 Beginning inventory 600 units @ $45 per unit      Feb.10 Purchase 400 units @ $42 per unit       Mar.13 Purchase 200units@ $27 per unit       Mar.15 Sales     800 units@ $75 per unit   Aug.21 Purchase 100 units @ $50 per unit       Sept.5 Purchase 500 units @ $46 per unit       Sept.10 Sales     600 units@ $75 per unit        Totals 1,800 units  1,400 units

Required:  1.

Compute cost of goods available for sale and the number of units available for sale.

2. Ending units inventory

3. Cost of ending inventory using FIFO and LIFO methods