Vaughn Company uses a periodic inventory system. Details for the inventory account for the month of January,
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Question:
Vaughn Company uses a periodic inventory system. Details for the inventory account for the month of January, 2018 are as follows:
Units | Per unit price | Total | |
Balance, 1/1/18 | 180 | $6.00 | $1080 |
Purchase, 1/15/18 | 100 | 5.10 | 510 |
Purchase, 1/28/18 | 100 | 5.50 | 550 |
An end of the month (1/31/18) inventory showed that 210 units were on hand. How many units did the company sell during January, 2018?
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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