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 Unit Transactions Units Cost 200 $12 a. Inventory, Beginning For the vear: b. Purchase, April 11 c. Purchase, June 1 d. Sale, May 1 (sold for $40 per unit) e. Sale, July 3 (sold for $40 per unit) f. Operating expenses (excluding income tax expense), $18,500 950 850 200 700 13 Required 1. Calculate the number and cost of goods available for sale Number of Goods Available for Sale 2,000 units Cost of Goods Available for Sale $22,000