Anthony Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.

Question

Date

Activities

Units Acquired at Cost

Units Sold at Retail


Mar.

1

Beginning inventory


170

units

@ $52.40/unit


Mar.

5

Purchase


260

units

@ $57.40/unit


Mar.

9


Sales


330 units

@ $87.40/unit


Mar.

18


Purchase


120

units

@ $62.40/unit


Mar.

25


Purchase


220 units

@ $64.40/unit


Mar.

29


Sales

200 units

@ $97.40/unit


Totals


770 units

530 units

Answer 1

Compute cost of goods available for sale and the number of units available for sale.