Problem 53A Perpetual Alternative cost flows LO P3 Montoure

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. Required: 1. 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

Solution

1)cost of goods available for sale is =$(600*45+400*42+200*27+100*50+500*46)=$77200

number of unit available for sale is 1800-400 unit =400 units