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Clegane Company sells wine decanters. Below is an analysis of the inventory purchases and sales of decanters for the month of May. Clegane Company

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Clegane Company sells wine decanters. Below is an analysis of the inventory purchases and sales of decanters for the month of May. Clegane Company uses the periodic inventory system. Purchases Units Unit Cost 5/1 Beginning inventory 150 $60 5/3 Purchase 90 $75 5/10 Purchase 300 $82 5/30 Purchase 60 $90 TOTAL UNIT PURCHASES 600 Sales Units Selling Price/Unit 5/4 Sales 90 $120 5/16 Sales 105 $135 5/19 Sales 135 $135 5/25 Sales 90 $135 TOTAL UNIT SALES 420

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