Global Filter Corp. employs a perpetual inventory system using FIFO. Global Filter Corp. has the following purchases and sales during the year ended December 31, 2014. Assume all purchases and sales are for cash.

The units have a selling price of $75.00 per unit.

Global Filter

The units have a selling price of $75.00 per unit. a) Calculate the cost of goods available for sale, the c) Prepare journal entries to record (a) the purchase on March 12 and (b) the sale on September 17. Enter the transaction letter as number of units available for sale, and the units remaining the description when preparing a journal entry. When a transaction requires two separate journal entries, use the same letter for in ending inventory. both descriptions. Dates must be entered in the format dd/mmm (ie. 15/Jan).) b) Please fill in the table by calculating the dollar value of cost of goods sold and ending inventory as well as the gross profit earned by Global Filter Corp. This schedule is provided for calculation purposes onlv and is not marked