Scoresby Inc. 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 Transactions Unit Cost Units 1,500 a. Inventory, Beginning For the vear: b. Purchase, March 5 c. Purchase, September 19 d. Sale, April 15 (sold for $76 per unit) e. Sale, October 31 (sold for $79 per unit) f. Operating expenses (excluding income tax expense), $398,000 $31 32 34 7,500 3,500 2,200 6,500 Required 1. Calculate the number and cost of goods available for sale 12,500 units Number of Goods Available for Sale Cost of Goods Available for Sale 405,500 2. Calculate the number of units in ending inventory Ending Inventory 3,800 units