A company uses a periodic inventory system. On August 1, thecompany had 6 items of beginning inventory with a cost of $7 perunit. On August 3, the company purchased 16 units at $14 per unit.Then, o 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 compary purchased 16 units at \( \$ 14 \) pe 2 answers