During the past year, Velcon National sold 418 jackets. Inventory records for the year are as follows

DATE		QUANTITY	COST	TOTAL
January 1	Beginning Inventory	150	$26	$ 3,900
July 6	Purchase	350	35	12,250
August 24	Purchase	250	28	7,000
October 26	Purchase	400	35	14,000
December 28	Purchase	250	50	12,500
Total available for sale		1,400	$49,650