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Car Armour sells car wash cleaners. Car Armour uses a perpetual inventory system and made...

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Accounting

Car Armour sells car wash cleaners. Car Armour uses a perpetual inventory system and made purchases and sales of a particular product in 2023 as follows:

Jan. 1 Beginning inventory 120 units @ $ 7.10 = $ 852.00
Jan. 10 Sold 70 units @ $ 15.60 = 1,092.00
Mar. 7 Purchased 310 units @ $ 6.40 = 1,984.00
Mar. 15 Sold 125 units @ $ 15.60 = 1,950.00
July 28 Purchased 560 units @ $ 6.20 = 3,472.00
Oct. 3 Purchased 510 units @ $ 6.10 = 3,111.00
Oct. 5 Sold 680 units @ $ 15.60 = 10,608.00

Required: 1. Calculate the total goods available for sale (in units and cost).

2. Calculate the number of units sold and units remaining in ending inventory.

3. Determine the share of the cost of goods available for sale calculated in Part 1 that should be assigned to ending inventory and to goods sold under: (Do not round the intermediate calculations and round the final answers to nearest whole dollar.)

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