Trout Company uses a perpetual inventory system and made purchases and sales of a particular product in 2014 as follows:.Required:1. Calculate the total goods available for sale (in units and cost).2....

Trout Company uses a perpetual inventory system and made purchases and sales of a particular product in 2014 as follows:.Required:1. Calculate the total goods available for sale (in units and cost).2. Calculate the number of units sold and units remaining in ending inventory.3. Determine the share of the cost of goods available for sale calculated in Part 1 that should be assigned to ending inventory and to goods sold under:a. FIFOb. Moving weighted averageView Solution:

Trout Company uses a perpetual inventory system and made purchases