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Periodic Inventory by Three Methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory 1 0 units

Periodic Inventory by Three Methods
The units of an item available for sale during the year were as follows:
Jan. 1 Inventory 10 units @ $33
Feb. 17 Purchase 18 units @ $35
July 21 Purchase 20 units @ $37
Nov. 23 Purchase 11 units @ $39
There are 10 units of the item in the physical inventory at December 31. The periodic inventory system is used.

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