A flood recently destroyed many of the financial records of Yak Manufacturing Company. Management has hired you to re-create as much financial information as possible for the month of July. You are able to find out that the company uses an average cost inventory valuation system. You also learn that Yak makes a physical count at the end of each month in order to determine monthly ending inventory values. By examining various documents, you are able to gather the following information:

ending inventory at July 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60,000 units

Total cost of units available for sale in July . . . . . . . . . . . . . . . . . . . . $145,210

Cost of goods sold during July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $116,410

Cost of beginning inventory, July 1 . . . . . . . . . . . . . . . . . . . . . . . . . . $0.40 per unit

Gross profit on sales for July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $93,590

July purchases:

You are asked to provide the following information.

1. Number of units on hand, July 1

2. Units sold during July

3. Unit cost of inventory at July 31

4. Value of inventory at July 31