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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,

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 Units Unit Cost
a. Inventory, Beginning 1,500 $ 22
For the year:
b. Purchase, March 5 7,500 23
c. Purchase, September 19 3,500 25
d. Sale, April 15 (sold for $67 per unit) 2,300
e. Sale, October 31 (sold for $70 per unit) 6,500
f. Operating expenses (excluding income tax expense), $402,000
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Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 6 Calculate the number and cost of goods available for sale. units Number of Goods Available for Sale Cost of Goods Available for Sale Required Required 2 > Complete this question by entering your answers in the tabs below. 5 Required 1 Required 2 Required 3 Required 4 Required 6 Calculate the number of units in ending inventory. Ending Inventory units

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