Question 1 of 3 -/15 1 Saddlery Company sells leather saddles and equipment for horse enthusiasts. Saddlery uses the perpetual inventory system. The following schedule relates to the company's inventory for the month of May: Cost Sales May 1 Beginning inventory. 120 units $72,000 5 Sale 80 units $62,400 6 Purchase 40 units $26,400 2228 13 Purchase 160 units $115,200 241 Sale 160 units $134,400 27 Sale 40 units $38,400 30 Purchase 60 units $47,520 (a1)