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Cullumber Trading Company uses a periodic inventory system and has a beginning inventory as of April 1 of 165 tents. This consists of 165 tents
Cullumber Trading Company uses a periodic inventory system and has a beginning inventory as of April 1 of 165 tents. This consists of 165 tents purchased in February at a cost of $240 each. During April, the company had the following purchases and sales of tents. Date April 3 10 17 24 30 Purchases Units Unit Cost 215 315 $280 300 Units 92 265 215 Sales Unit Price $430 430 430
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