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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
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 210 units $136,500 5 Sale 140 units $118,300 9 Purchase 70 units $50,050 33 13 Purchase 280 units $218,400 27 22 24 Sale 280 units $254,800 Sale 70 units $72,800 30 Purchase 105 units $90,090 27
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