Marlow company uses a perpetual inventory system compute

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Marlow Company uses a perpetual inventory system. It entered into the following calendar-year 2009 purchases and sales transactions.

Date

Activities

Units Acquired at Cost

Units Sold at Retail

Jan.   1

Beginning inventory


770 units

@ $50/unit




Feb. 10

Purchase


420 units

@ $41/unit




Mar. 13

Purchase


260 units

@ $25/unit




Mar. 15

Sales





770 units

@ $75/unit

Aug. 21

Purchase


180 units

@ $49/unit




Sept. 5

Purchase


585 units

@ $42/unit




Sept. 10

Sales





650 units

@ $75/unit


Totals


2,215 units



1,420 units


Requirement:

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

Reference no: EM13482274

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