Gerald D. Englehart Company uses a perpetualinventory system.The company has the same inventory, purchases, and sales datafor the month of March as shown earlier:

Inventory: March 1 200 units @ $4.00 $800

Purchases: March 10 500 units @ $4.50 2,250

March 20 400 units @ $4.75 1,900

March 30 300 units @ $5.00 1,500

Sales: March 15 500 units

March 25 400 units

The physical inventory count on March 31 shows 500 units on hand.