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Gonzalez Company sells one product and uses a perpetual inventory system. Its records show the following transactions during the month of July: July 1 Beginning
Gonzalez Company sells one product and uses a perpetual inventory system. Its records show the following transactions during the month of July: July 1 Beginning inventory 300 units July 9 Sales 180 units July 16 Purchases 400 units July 21 Sales 240 units July 26 Purchases 80 units How many units were available for sale during the month of July? How many units were in ending inventory on July 31? Multiple Choice o Available for sale 480 units; July 31 Ending inventory 60 units o Available for sale 780 units; July 31 Ending inventory 300 units o Available for sale 360 units; July 31 Ending inventory 780 units o Available for sale 780 units: July 31 Ending inventory 360 units o Available for sale 480 units; July 31 Ending inventory 360 units
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