Dear tutor

I am inquiring how I should know what the variables or data points, how did you get that point.

y! would you x Ask reddit X Overweigh X Do Guys L X Lup Athabasca X U Course: A( X Ly Introductic X Ly Lab 6.1 (Q X Andre 1 X y! ari shaffir X Formerly ( X C lifa1.lyryx.com/student-servlets/LabServlet?ccid=7845 ES Apps Home Rachel Wiley - "T... cb;/"{_?;9 nbk}'; Other Bookmarks Question 3 [14 points] The Velor Inc. company has the following purchases and sales during the year ended December 31, 2014. Inventory and Purchases Sales Specific Units Sold Beginning: 130 units @ $19/unit February 10: 30 units February 10: 30 units from beginning inventory March 20: 150 units @ $20/unit December 10: 200 units December 10: 40 units from beginning inventory July 15: 250 units @ $21/unit 60 units from the March 20 purchase 100 units from the July 15 purchase The units have a selling price of $25.00 per unit. a) Given that Velor Inc. employs a perpetual inventory system, calculate the cost of goods available for sale and the number of units available for sale, as well as the units remaining in ending inventory. Cost of goods available for sale: Units available for sale: Units remaining in ending inventory: b) Please fill in the table by calculating the dollar value of cost of goods sold and ending inventory, as well as the gross profit earned by Velor Inc. using the specific identification system. Specific Identification Cost of Goods Sold Ending Inventory Gross Profit c) Prepare journal entries to record the following (assuming all sales and purchases are for cash): (a) The purchase on March 20, (b) The sale on December 10. Enter the transaction letter as the description when preparing a journal entry. When a transaction requires two separate journal entries, use the same letter for both descriptions. Dates must be entered in the format dd/mmm (ie. 15/Jan). General Journal Page GJ8 Date Account/Explanation F Debit Credit + - + - +