Gladstone Company tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each period, as if it uses a periodic inventory system. Assume its accounting records provided the following information at the end of the annual accounting period, December 31, 2012. Transactions Units Unit Cost Beginning inventory, January 1, 2012 2,700 $ 45 Transactions during 2012: a. Purchase, January 30 3,050 60 b. Sale, March 14 ($100 each) (2,350 ) c. Purchase, May 1 1,750 75 d. Sale, August 31 ($100 each) (2,000 ) Assuming that for Specific identification method (item 1d) the March 14, 2012, sale was selected two-fifths from the beginning inventory and three-fifths from the purchase of January 30, 2012. Assume that the sale of August 31, 2012, was selected from the remainder of the beginning inventory, with the balance from the purchase of May 1, 2012