Saddlery Company sells leather saddles and equipment for horse enthusiasts. Saddlery uses the periodic inventory system. The following schedule relates to the company's inventory for the month of May: Cost Sales May 1 Beginning inventory 150 units $90,000 5 Sale 100 units $78,000 9 Purchase 50 units $33,000 22 13 Purchase 200 units $144,000 24 Sale 200 units $168,000 27 Sale 50 units $48,000 30 Purchase 75 units $59,400