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Date Transaction Number of Units Per Unit Total Jan. 1 Inventory 8,000 $80.00 $640,000 10 Purchase 24,000 90.00 2,160,000 28 Sale 12,000 160.00 1,920,000 30

Date Transaction Number of Units Per Unit Total Jan. 1 Inventory 8,000 $80.00 $640,000 10 Purchase 24,000 90.00 2,160,000 28 Sale 12,000 160.00 1,920,000 30 Sale 4,000 160.00 640,000 Feb. 5 Sale 1,600 160.00 256,000

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