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Flounder Limited uses a perpetual inventory system. The inventory records show the following data for its first month of operations: Date Aug. 2 Explanation

Flounder Limited uses a perpetual inventory system. The inventory records show the following data for its first month of operations: Date Aug. 2 Explanation Units Unit Cost Total Cost Balance in Units Purchases 237 $71 $16,827 237 3 Purchases 524 105 55,020 761 10 Sales (307) 454 15. Purchases 938 122 114,436 1,392 25 25 Sales (319) 1,073

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