Question: April 1 Beginning inventory 700 units @ $36 = $25,200 April 7 Purchase 580 units @ $40 = $23,200 April 11 Sale 1,000 units @

April 1 Beginning inventory 700 units @ $36 = $25,200 April 7 Purchase 580 units @ $40 = $23,200 April 11 Sale 1,000 units @ $110 April 16 Purchase 500 units @ $44 = $22,000 April 22 Sale 400 units @ $110 April 29 Purchase 480 units @ 550 = $24,000

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