Ajani Water Sports Company began buying and selling surfboards on January 01, 2008. Purchases of surfboards during the year were as follows Month Units it cost Total cost 1 500 10 20 January February March November December 150 135 3100 160 200 240 1 000 2 400 16 800 10 Total 100 Forty surfboards remained in inventory on December 31, 2008. The company's average selling price during the year was S320 per surfboard. GO ON TO THE NEXT PAGE