Periodic Inventory System

Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar.29 Sales 190 units $88 per unit 498 units $85 per unit 519 units $115 per unit 300 units $98 per unit 380 units @ $92 per unit $125 per unit 340 units 850 units Totals 1,360 units For specific identification, the March 9 sale consisted of 50 units from beginning inventory and 460 units from the March 5 purchase; the March 29 sale consisted of 130 units from the March 18 purchase and 210 units from the March 25 purchase. Required. 1.Compute cost of goods available for sale and the number of units available for sale. Cost of Goods Available for Sale Cost per Unit Cost of Goods Available for Sale #Of Units Purchases: March 5 March 18 March 25