Current Attempt in Progress Sunland Company Inc. had a beginning inventory of 95 units of Product RST at a cost of $7 per unit. During the year, purchases were: Feb. 20 605 units at $8 Aug. 12 390 units at $10 May 5 515 units at $9 Dec.8 105 units at $11 Sunland Company uses a periodic inventory system. Sales totaled 1,560 units. (a) ' Your answer is correct. Determine the cost of goods available for sale. The cost of goods available for sale $ 15195 eTextbook and Media Attempts: 1 of 3used SUPPORT (b1) Calculate average cost per unit. (Round answer to 3 decimal places, e.g. 2.237.) Average cost per unit $ eTextbook and Media Save for Later Attempts: 0 of 3 used (b2) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above. SUPPORT Current Attempt in Progress You have the following information for Pharoah Company. Pharoah Company uses the periodic method of accounting for its inventory transactions. Pharoah Company only carries one brand and size of diamondsall are identical. Each batch of diamonds purchased is carefully coded and marked with its purchase cost. March 1 Beginning inventory 150 diamonds at a cost of $304 per diamond. March 3 Purchased 186 diamonds at a cost of $378 each. March 5 Sold 167 diamonds for $610 each. March 10 Purchased 352 diamonds at a cost of $405 each. March 25 Sold 393 diamonds for $699 each. (a) Assume that Pharoah Company uses the specific identification cost flow method. (1) Demonstrate how Pharoah Company could maximize its gross profit for the month by specifically selecting which diamonds to sell on March 5 and March 25. | = ULl 4 To maximize gross profit, Pharoah Company should sell the diamonds with the 4 cost. Assume that Pharoah Company uses the specific identification cost flow method. (1) Demonstrate how Pharoah Company could maximize its gross profit for the month by specifically selecting which diamonds to sell on March 5 and March 25. 4 To maximize gross profit, Pharoah Company should sell the diamonds with the cost. lowest Il (2) Demonstrate how Pharoah Company could minimize its gross profit for the month by selecting which diamonds to sell on March 5 and March 25. To minimize gross profit, Pharoah Company should sell the diamonds with the 4] cost. Cost of goods sold to maximize gross profit $ Cost of goods sold to minimize gross profit $ eTextbook and Media List of Accounts Save for Later Attempts: 0 of 3 used