added headings to make it easier. thanks

Question 3 [12 points] Courtland Corp. employs a perpetual inventory system using FIFO. Courtland Corp. has the following purchases and sales during the year ended December 31, 2014. Assume all purchases and sales are for cash. Inventory and Purchases Sales Beginning: 300 units @ $56/unit April 20: 200 units February 1: 100 units @ $53/unit October 24: 200 units May 13: 300 units @ $56/unit The units have a selling price of $70.00 per unit. a) Calculate the cost of goods available for sale, the number of units available for sale, and the units remaining in ending inventory Cost of Goods available for sale: Units available for sale: Units remaining in onding inventory: c) Prepare journal entries to record (a) the purchase on February 1 and (b) the sale on October 24. Enter the transaction letter as the description when preparing a journal entry. When a transaction requires two separate journal entries, use the same letter for both descriptions Dates must be entered in the format dd/mmm (ie. 15/Jan).) Gonoral Journal Pago Gue Dato Account Explanation F Debit Credit b) Please fill in the table by calculating the dollar value of cost of goods sold and ending inventory as well as the gross profit earned by Courtland Corp Cost of Goods Sold Ending Inventory Gross Profit + - + corp + - the gross pront eamed by Cost of Goods Sold: Ending Inventory Gross Profit: + - This schedule is provided for calculation purposes only and is not marked. Purchases/Transportation-In/ Cost of Goods Sold/ (Purchase Returns/Discounts) (Returns to Inventory) Date Units Cost/Unit Total $ Units Cost/Unit Total $ January 1 February 1 Balance in Inventory Units Cost/Unit Total $ April 20 May 13 October 24 Choose an Account or Heading ategories: Accounts and Headings: All Accounts Payable Assets Accounts Receivable Liabilities Accumulated Depreciation, Automobiles Equity Accumulated Depreciation, Boats Equity Accumulated Depreciation, Building Revenues Accumulated Depreciation, Equipment Expenses Accumulated Depreciation, Furniture Other Accumulated Depreciation, Land Improvements Accumulated Depreciation, Machinery Accumulated Depreciation, Trucks Advertising Expense Advertising Payable Automobiles Boats Bonds Payable Building Cash Commissions Earned Search: Erase Cancel Choose an Account or Heading ategories: Accounts and Headings: 1 Commissions Earned ssets Consulting Revenue Earned abilities Copyright quity Cost Of Goods Sold Equity Delivery Expense Revenues Depreciation Expense, Automobiles Expenses Depreciation Expense, Boats Other Depreciation Expense, Building Depreciation Expense, Equipment Depreciation Expense, Furniture Depreciation Expense, Land Improvements Depreciation Expense Machinery Depreciation Expense, Trucks Depreciation expense Dividends Equipment Furniture Uncome Summan Search: Erase Cancel Choose an Account or Heading ategories: Accounts and Headings: Income Summary sets Income Taxes Expense abilities Income Taxes Payable quity Insurance Expense Equity Interest Earned Revenues Interest Expense Expenses Interest Payable Other Interest Receivable Investment in Bonds Land Land Improvements Long-Term Notes Payable Long-term Investment in Shares Machinery Merchandise Inventory Mortgage Payable Notes Receivable Search: Erase Cancel Choose an Account or Heading ategories: Accounts and Headings: Office Salaries Expense ssets Office Supplies Expense abilities Patents quity Prepaid Advertising Equity Prepaid Insurance Revenues Prepaid Interest Expenses Prepaid Rent Other Property Taxes Expense Property Taxes Payable Rent Earned Rent Expense Rent Payable Rent Receivable Rent expense, office space Rent expense, selling space Retained Earnings Salaries Expense Salaries Payable Search: Erase Cancel Choose an Account or Heading ategories: Accounts and Headings: 1 Retained Earnings ssets Salaries Expense abilities Salaries Payable quity Sales Equity Sales Discounts Revenues Sales Returns and Allowances Expenses Sales Salaries Expense Other Share Capital Short-Term Notes Payable Store Supplies Expense Supplies Supplies Expense Trademark Trucks Unearned Consulting Revenue Unearned Rent Unearned Revenue Utilities Expense Search: Frase Cancel