Orion Iron Corp. tracks the number of units purchased and sold throughout each year but applies its inventory costing method at the end of the year 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 $31.$

$30$

a$.$Inventory, Beginning

For the year:

b$.$Purchase, April $11$

c$.$Purchase, June $1$

d$.$Sale, May $1($sold for $$60$ per unit$)$

e$.$ Sale, July $3($sold for $$60$ per unit$)$

f$.$ Operating expenses $($excluding income tax expense$),$ $$362,000$

Required:

Calculate the number and cost of goods available for sale.

$\backslash$table$[[,,],[$Number of goods available for sale,$22,000,$units$],[$Cost of goods available for sale,$$,275,000]]$

Calculate the number of units in ending inventory.

Ending inventory

$11,000$

units