Synergy Company began 2020 with 21,000 units of Product X in its inventory that cost $7.90 per unit, and it made successive purchases of the product as follows:

Mar.	7		28,000		units	@		$	9.40	each
May	25		33,000		units	@		$	11.40	each
Aug.	1		23,500		units	@		$	12.40	each
Nov.	10		33,000		units	@		$	13.90	each

The company uses a periodic inventory system. On December 31, 2020, a physical count disclosed that 17,000 units of Product X remained in inventory. Required: 1. Calculate the number and total cost of the units available for sale during 2020.

Number of units
Total cost of the units

2. Prepare calculations showing the amounts that should be assigned to the 2020 ending inventory and to cost of goods sold, assuming: a. FIFO

Total cost of the units for sale
Add or Less Inventory on FIFO basis
Cost of units sold

b. Weighted average cost basis. (Round the "Average cost per unit" answer to 2 decimal places.)

Total cost of the units for sale
Add or Less Inventory at weighted average cost
Cost of units sold