Date Explanation Units Unit Cost Total Cost Jan. 1 Beginning Inventory 48 $ 8 $ 384 Mar. 22 Purchase 112 9 1,008 Jul. 3 Purchase 224 10 2,240 Oct. 31 Purchase 64 12 768 Total units available for sale 448 $ 4,400 Units in ending inventory (104) Units sold 344 Date Units Oct. 31 Jul. 3 16 Step 2 Step 1 Ending Inventory +A Cost of Goods Sold Cost of goods available for sale Less: Ending inventory Unit Cost +A Total Cost