Date

Activities

Units Acquired at Cost

Units Sold at Retail

Jan.

1

Beginning inventory

160

units

@ $12.40

=

$

1,984

Jan.

10

Sales

150

units

@$42.40

Mar.

14

Purchase

310

units

@ $17.40

=

5,394

Mar.

15

Sales

200

units

@$42.40

July

30

Purchase

460

units

@ $22.40

=

10,304

Oct.

5

Sales

240

units

@$42.40

Oct.

26

Purchase

660

units

@ $27.40

=

18,084

Totals

1,590

units

$

35,766

590

units