Inventory, Beginning 1,500 $ 26 For the year: b. Purchase, March 5 7,500 27 c. Purchase, September 19 3,500 29 d. Sale, April 15 (sold for $71 per unit) 2,300 e. Sale, October 31 (sold for $74 per unit) 6,500 f. Operating expenses (excluding income tax expense), $402,000