Graham Company uses a periodic inventory system. Details for the inventory account for the month of January,
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Question:
Units | Per unit price | Total |
Balance, 1/1/10 | 200 | $5.00 | $1,000 |
Purchase, 1/15/10 | 100 | 5.30 | 530 |
Purchase, 1/28/10 | 100 | 5.50 | 550 |
An end of the month (1/31/10) inventory showed that 120 units were on hand. How many units did the company sell during January, 2010?
A. | 200 | |
B. | 120 | |
C. | 280 | |
D. | 80 |
Related Book For
Accounting Principles
ISBN: 978-1119048503
7th Canadian Edition Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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