Date	Activities	Units Acquired at Cost	Units Sold at Retail
1-Apr	Beginning Invenory	20 units @ 3,000.00 per unit
6-Apr	Purchase	30 units @ $3,500.00 per unit
9-Apr	Sales		35 units @ $12,000 per unit
17-Apr	Purchase	5 units @ $4,500.00 per unit
25-Apr	Purchase	10 units @ $4,800.00 per unit
30-Apr	Sales		25 units @ $14,000 per unit
	Total	65 units	60 units

TDS Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for April. (For specific information, the April 9 sale consisted of 8 units from beginning inventory and 27 units from the April 6 purchase, the April 30 sale consisted of 12 units from beginning inventory 3 units from the April 6 purchase and 10 uits from the April 25 purchase.)

Part 1: Compute cost of goods available for sale and the number of units available for sale.

Part 2: Compute the number of units in ending inventory.Part 1: Compute cost of goods available for sale and the number of units available for sale.

Part 3: Compute the cost assigned to ending inventory using (a) FIFO and (b) LIFO

Part 4: Why should responsibility for related transactions be divided among different departments or individuals.