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PART A A company reported the current month purchase and sales data for its only product as below and uses the perpetual inventory system.
PART A A company reported the current month purchase and sales data for its only product as below and uses the perpetual inventory system. Date Activities April 1 Beginning Inventory 4 Purchase 7 Sales 10 Purchase Units Acquired at Cost Units Sold at Retail 175 units @ $15.00 150 units @ $16.00 160 units @ $30.00 200 units @ $17.00 16 Sales 250 units @ $30.00 25 Purchase 160 units @ $18.00 28 Sales 150 units @$32.00
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