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Effie Company uses a periodic inventory system. Details for the inventory account for the month of January 2022 are as follows: Units units per unit

Effie Company uses a periodic inventory system. Details for the inventory account for the month of January 2022 are as follows:

Units

unitsper unit pricetotal
balance, 1/1/22200$5.00$1,000
Purchase, 1/15/221005.30530
Purchase, 1/28/221005.50550

An end-of-the-month (1/31/22) inventory showed that 160 units were on hand. How many units did the company sell during January 2022?

1. 160

2. 240

3. 60

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