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Question 3 [14 points) The Holdon Corp company has the following purchases and sales during the your ended December 31, 2014 Inventory and Purchases Sales

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Question 3 [14 points) The Holdon Corp company has the following purchases and sales during the your ended December 31, 2014 Inventory and Purchases Sales Specific Units Sold Beginning 400 unts sont May 5 200 units May 5 130 units from being inventory March 400 unit August 17 300 units 70 units from the March 9 purchase Nume 23 150 unit August 17 10 units from begirming inventory 10 units from the March o purchase 80 units from the June 23 purchase Theuns hve a sing price of $135.00 per unit Given that holde Corp employs a perpetual inventory system calculate the cost of goods available for sale and the number of units walable for sale as well as the units romaning ending wiventory Cost of goods inable for Unsegin ending inventory Please in the table by calling the della value of cost of goods sold and ending vertory, as well as the gross profitamed by Holden Corpusing the specific Identification system Specie Identification Cost of Good old Ending Inventory Prepare journal entries to record the following (assuring all sales and purchases are for cash) (a) The purchase on March (b) The sake on gust 17. Enter the transaction letter as the description when preparing a journal entry. When a transaction requires two separate journal entries use the same fotter for both description Dates must be entered in the forme dd/mm 15/Jan) General Journal Page GB Date Account Explanation Credit F Debt MA Question 4(18 points)

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