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Sarasota Limited uses a perpetual inventory system. The inventory records show the following data for its first month of operations: Date Aug Explanation Purchases Purchases

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Sarasota Limited uses a perpetual inventory system. The inventory records show the following data for its first month of operations: Date Aug Explanation Purchases Purchases Sales Purchases Sales Unit Cost $70 97 2 3 10 15 25 Units 252 501 (295 880 (328 Total Cost $17.640 48,597 Balance in Units 252 753 458 1,338 2010 124 109,120 Sarasota Limited uses a perpetual inventory system. The inventory records show the following data for its first month of operations: Date Aug Explanation Purchases Purchases Sales Purchases Sales Unit Cost $70 97 2 3 10 15 25 Units 252 501 (295 880 (328 Total Cost $17.640 48,597 Balance in Units 252 753 458 1,338 2010 124 109,120

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