Marlow company uses a perpetual inventory system it entered, Ask an Expert

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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.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9797450

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