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Kirtland Corporation uses a periodic inventory system. At the end of the annual accounting period most popular item in inventory showed the following , December

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Kirtland Corporation uses a periodic inventory system. At the end of the annual accounting period most popular item in inventory showed the following , December 31, the accounting records for the Unit Cost Units 410 Beginning inventory, January 1 Transactions during the year: a. Purchase, January 30 b. Purchase, May 1 c. Sale ($6 each) d. Sale ($6 each) $4.00 310 470 (170) (710) 3.50 5.00

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