Exercise 2-2

The following A. B. Murphy Company data show purchase and sales transactions for the month of April. A. B. Murphy uses a perpetual inventory system.

Date	Activities	Units Purchased (at cost)	Units Sold (at retail)
Apr 1	Beginning inventory..............................	065 units @ $40/unit
Apr 8	Purchase.............................................	225 units @ $45/unit
Apr 12	Sales...................................................		235 units @ 75/unit
Apr 19	Purchase.............................................	050 units @ $50/unit
Apr 23	Purchase.............................................	125 units @ $55/unit	0
Apr 27	Sales...................................................	________	95 units @ 80/unit
	Totals..................................................	465 units	330 units

Compute the following:

1. Cost of (1) goods available for sale and (2) number of units for sale.

2.Number of units in ending inventory.