Date Activity Units Acquired at Cost Units Sold at Retail Unit Inventory 10 units 10 units e$ 91 = $ 910 15 units a $106 - $ 1.590 20 units 5130 Aug. 1 Beginning inventory Aug. 3 Purchases Aug. 14 Sales. Aug. 17 Purchases. Aug. 28 Purchases Aug. 30 Sales Totals 20 units $115 - $ 2.300 10 units $119 $ 1.190 25 units 5 units 25 units 35 units 12 units 23 units $150 43 units 55 units $5,990 Units available for sale Goods available for Units sold Units let Unse for Goose como una com a Uw od Unit Knowledge Check 01 A company uses a periodic inventory system. On August 1, the company had 6 items of beginning inventory with a cost of $7 per unit. On August 3, the company purchased 16 units at $14 per unit. Then, on August 5, the company sold 12 units. The 12 units sold consisted of 7 units from the August 3rd purchase and 5 units from the August ist beginning inventory, Using specific identification, the cost of the 12 units sold is Cost of the units old