We were given the list of inventory purchases and sales as well as the Cost/Price per unit of the purchase and sale. We then had to enter them into this template and show how they impact inventory. There is no instruction on which method to use to calculate COGS. I'm not sure if I calculated the unit cost in the Inventory Balance properly. I added the total inventory costs and then divided by the items remaining in inventory to get the inventory unit cost. Is this correct? The items in yellow are what I filled in.

Purchased Sold Balance in inventory Date Units Unit Cost Total Units Unit price Total Units Unit cost Total Beginning 100 $ 3.50 $ 350.00 1/31/17 125 $ 4.00 $ 500.00 225 $ 3.77 $ 850.00 2/15/17 250 $ 4.50 $ 1,125.00 475 $ 4.16 $ 1,975.00 2/25/17 $ 150 $ 7.75 1,162.50 325 $ 4.16 $ 1,352.00 3/10/17 300 $ 5.00 $ 1,500.00 625 $ 4.56 2,852.00 3/31/17 75 $ 5.50 $ 412.50 700 $ 4.66 $ 3,264.50 4/10/17 225 $ 8.25 1,856.25 475 $ 4.66 $ 2,213.50 4/15/17 100 $ 6.00 S 600.00 575 $ 4.89 2,813.50 4/30/17 $ 350 $ 8.50 2,975.00 225 $ 4.89 1,100.25 What is the total sales value for all three sales? Units Price Per Unit Total 2/25/x7 Sale 150 $ 7.75 $ 1,162.50 4/10/x7 Sale 225 $ 8.25 $ 1,856.25 4/30/x7 Sale 350 $ $ 2,975.00 Total 725 $ 8.17 $ 5,993.75 How many units were available for sale throughout the year? 850 What was the total value of all good available for sale througout the year? $ 4,487.50 How many physical units were sold? 725 How many physical units are in ending inventory? 225 What is the total sales value for all three sales? $ 5,993.75