Aug. 17 Purchases Aug. 28 Purchases Aug 30 Sales 20 uri 10 units 300 10 25 uns 35 units Totals 55 units $5.990 23 units $150 43 units Units available for sale Goeds available for sale Units sold Unsen Knowledge Check 01 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 Cost of the units sold CD E 16 Save A