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Pharoah Company sells many products. Hackenberry is one of its popular items. Below is an analysis of the inventory purchases and sales of Hackenberry

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Pharoah Company sells many products. Hackenberry is one of its popular items. Below is an analysis of the inventory purchases and sales of Hackenberry for the month of March. Pharoah Company uses the periodic inventory system. Purchases Sales Units Unit Cost Units Selling Price/Unit 3/1 Beginning inventory 100 $62 3/3 Purchase 60 $72 3/4 Sales 70 $124 3/10 Purchase 200 $77 3/16 Sales 3/19 Sales 3/25 Sales %%% 80 $134 60 $134 40 $134 3/30 Purchase 40 40 $87

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