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:

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:

a. FIFO
b. Moving weighted average

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Jan. 1 Beginning inventory.. Jan. 10 Sold......... Mar. 7 Purchased... Mar. 15 Sold....... July 28 Purchased.... Oct. 3 Purchased.... Oct. 5 Sold...... 110 units @ $7.00 = $770 80 units @ $15.50 = 1,240 300 units @ $6.30 = 1,890 130 units @ $15.50 = 2,015 550 units @ $6.10 = 3,355 500 units @ $6.00 = 3,000 670 units @ $15.50 = 10,385