A company uses a periodic inventory system on august 1, the company had 6 items of beginning inventory with a cost of $7 per unit on August 3, the company purchased 16 units at $14 per unit then, on August 5, the company sold 12 units the 12 units sold consisted of 7 units from the August 3rd purchase and 5 units from the August 1st beginning inventory using specific identification, the cost of the 12 units sold is?

Answer rating: 100% (QA)

ANSWER 13300 WORKINGS Units sold 12 Units sold from Aug 03 ... View the full answer