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ST Co. sells high end leather coats and uses a perpetual inventory system. The following schedule relates to the company's clothing inventory for the
ST Co. sells high end leather coats and uses a perpetual inventory system. The following schedule relates to the company's clothing inventory for the month of April: Units Cost ($) Sales ($) April 1 Beginning inventory 65 units 39,260 3 Purchase 48 units 30,432 5 Sale 25 units 33,000 11 Purchase 22 units 14,388 15 Sale 53 units 68,750 22 Sale 35 units 48,000 28 Purchase 45 units 30,780
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