=+Stewart Co.'s beginning inventory and purchases during the year ended December 31, 2010, were as follows:

Unit Total Units Cost Cost January 1 Inventory 1,000

$50.00

$ 50,000 March 10 Purchase 1,200 52.50 63,000 June 25 Sold 800 units August 30 Purchase 800 55.00 44,000 October 5 Sold 1,500 units November 26 Purchase 2,000 56.00 112,000 December 31 Sold 1,000 units Total 5,000

$269,000 Instructions