Question: The answer is a. Please explain how you approach the answer, as I don't understand the periodic method. Use the following information from Marvel Company

The answer is a. Please explain how you approach the answer, as I don't understand the periodic method.

Use the following information from Marvel Company for the month of July to answer questions 1 through 4 July 1 Beginning inventory 75 units $25 each July 3 Purchase July 8 Sale July 15 Purchase July 23 Sale 348 units $27 each 300 units 257 units@ $28 each 275 units

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