Question
Vaughn Company uses a periodic inventory system. Details for the inventory account for the month of January, 2018 are as follows: Units Per unit price
Vaughn Company uses a periodic inventory system. Details for the inventory account for the month of January, 2018 are as follows:
| Units | Per unit price | Total | |
| Balance, 1/1/18 | 180 | $6.00 | $1080 |
| Purchase, 1/15/18 | 100 | 5.10 | 510 |
| Purchase, 1/28/18 | 100 | 5.50 | 550 |
An end of the month (1/31/18) inventory showed that 210 units were on hand. How many units did the company sell during January, 2018?
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Step: 1
Company sell during January 2018170 units W...
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Accounting Principles
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
7th Canadian Edition Volume 1
1119048508, 978-1119048503
