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Hamilton Company uses a periodic inventory system. At the end of the annual accounting period, December 31, 2015, the accounting records provided the following information

Hamilton Company uses a periodic inventory system. At the end of the annual accounting period, December 31, 2015, the accounting records provided the following information for product 1: Units Unit Cost Inventory, December 31, 2014 1,930 $5 For the year 2015: Purchase, March 21 6,020 4 Purchase, August 1 4,100 2 Inventory, December 31, 2015 2,970

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