Required information [The following information applies to the questions displayed below.) Kangaroo Jim Company reported beginning inventory of 360 units at a per unit cost of $10. It had the following purchase and sales transactions during the year: January 14 Sold 280 units at unit sales price of $30 on account. April 9 Purchased 270 additional units at a per unit cost of $10 on account. September 2 Sold 270 units at a sales price of $35 on account. December 31 Counted inventory and determined 80 units were still on hand.