Date Units Unit Cost Total Cost

Beginning Inventory January 1 120 $ 80 $ 9,600

Purchase January 15 380 90 34,200

Purchase January 24 200 110 22,000

Required:

1. Calculate the number and cost of goods available for sale.

2. Calculate the number of units in ending inventory.

3. Calculate the cost of ending inventory and cost of goods sold using the (a) FIFO, (b) LIFO,

and (c) weighted average cost methods.