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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 90 units $31,500 5 Sale 60 units $27,300 9 Purchase 30 units $11,550 13 22230 Purchase 120 units $50,400 24 Sale 120 units $58,800 27 Sale 30 units $16,800 Purchase 45 units $20,790
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