Marlow Company uses a perpetual inventory system. It entered into the following calendar-year 2009 purchases and sales transactions.
|
Date
|
Activities
|
Units Acquired at Cost
|
Units Sold at Retail
|
|
Jan. 1
|
Beginning inventory
|
|
770 units
|
@ $50/unit
|
|
|
|
|
Feb. 10
|
Purchase
|
|
420 units
|
@ $41/unit
|
|
|
|
|
Mar. 13
|
Purchase
|
|
260 units
|
@ $25/unit
|
|
|
|
|
Mar. 15
|
Sales
|
|
|
|
|
770 units
|
@ $75/unit
|
|
Aug. 21
|
Purchase
|
|
180 units
|
@ $49/unit
|
|
|
|
|
Sept. 5
|
Purchase
|
|
585 units
|
@ $42/unit
|
|
|
|
|
Sept. 10
|
Sales
|
|
|
|
|
650 units
|
@ $75/unit
|
|
Totals
|
|
2,215 units
|
|
|
1,420 units
|
|
Requirement:
Compute cost of goods available for sale and the number of units available for sale.