Date Activities Jan. 1 Beginning inventory Feb. 10 Purchase Mar. 13 Purchase Mar. 15 Sales Aug. 21 Purchase Sept. 5 Purchase Sept. 10 Sales Units Acquired at Cost 600 units @ $40 per unit 400 units @ $37 per unit 190 units @$15 per unit 190 units @$45 per unit 550 units @ $43 per unit Totals 1,930 units Units Sold at Retail 805 units @ $70 per unit 740 units @ $70 per unit 1,545 units