Martin Corporation

Martin Corporation uses a periodic inventory system. At the end of the annual accounting period, December 31, 2012, the accounting records for the most popular item in inventory showed the following:

Transactions Units Unit Cost
Beginning inventory, January 1, 2012 396 $ 3.00
Transactions during 2012:
a. Purchase, January 30 617 3.20-
b. Purchase, May 1 452 3.50
c. Sale ($5.4 each) (150)
d. Sale ($5.4 each) (692)

a. Compute the amount of goods available for sale. (Round your intermediate calculations and final answers to the nearest dollar amount. Omit the “$” sign in your response.)