Synergy Company began 2023 with 19,000 units of Product X in its inventory that cost $7.50 per unit, and it made successive purchases of the product as follows:

The company uses a periodic inventory system. On December 31, 2023, a physical count disclosed that 15,000 units of Product X remained in inventory.

Required
1. Prepare a calculation showing the number and total cost of the units available for sale during 2023.
2. Prepare calculations showing the amounts that should be assigned to the 2023 ending inventory and to cost of goods sold, assuming:
a. FIFO
b. Weighted average cost basis (round the average cost per unit to two decimal places).

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Mar. 7. May 25... Aug. 1............. Nov. 10... 26,000 units @ $ 9.00 each 31,000 units @ $11.00 each 21,500 units @ $12.00 each 31,000 units @ $13.50 each