Date Activity Units Acquired at Cost Units Sold at Retail Unit Inventory 10 units 10 units @ $ 91 = $ 910 15 units @ $106 = $1,590 20 units @ $ 130 Aug. 1 Aug. 3 Aug. 14 Aug. 17 Aug. 28 Aug. 30 Beginning inventory Purchases Sales Purchases Purchases Sales Totals 25 units 5 units 25 units 35 units 20 units @ $115 = $2,300 10 units @ $119 = $1,190 23 units @ $ 150 43 units $5,990 55 units 12 units 1 1 Knowledge Check 01 A company has beginning Inventory of $20,000. purchases of $15,000, and ending inventory of $2,500. The cost of goods available for sale is Cost of goods available for sale