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Bonita Company uses a periodic inventory system. Details for the inventory account for the month of January, 2020 are as follows: Units Per unit price
Bonita Company uses a periodic inventory system. Details for the inventory account for the month of January, 2020 are as follows:
Units | Per unit price | Total | |
---|---|---|---|
Balance, 1/1/20 | 170 | $5.00 | $850 |
Purchase, 1/15/20 | 70 | 5.20 | 364 |
Purchase, 1/28/20 | 70 | 5.40 | 378 |
An end of the month (1/31/20) inventory showed that 180 units were on hand. How many units did the company sell during January, 2020?
a. 110
b. 130
c. 140
d. 180
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