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Marlow Company uses a perpetual inventory system. During the year, it entered into the following purchases and sales transactions. DateActivitiesUnits Acquired at CostUnits Sold at

Marlow Company uses a perpetual inventory system. During the year, it entered into the following purchases and sales transactions. DateActivitiesUnits Acquired at CostUnits Sold at Retail Jan.1 Beginning inventory 800units@ $44 per unit Feb.10 Purchase 250units@ $40 per unit Mar.13 Purchase 200units@ $20 per unit Mar.15 Sales 450units@ $75 per unit Aug.21 Purchase 210units@ $60 per unit Sept.5 Purchase 330units@ $48 per unit Sept.10 Sales 350units@ $75 per unit Totals 1,790units 800units
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