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Sekhon Company had a beginning inventory on January 1 of 160 units of Product 4-18-15 at a cost of $20 per unit. During the year,
Sekhon Company had a beginning inventory on January 1 of 160 units of Product 4-18-15 at a cost of $20 per unit. During the year, purchases were as follows. Mar. 15 July 20 400 units 250 units at at $23 $28 Sept. 4 Dec. 2 330 units 100 units at $33 at $30 Sekhon Company uses a periodic inventory system. Sales totaled 1,000 units.
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