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How many units did the company sell during January

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Question - Tiger Enterprise uses a periodic inventory system. Details for the inventory account for the month of January, 2008 are as follows:

Units Unit price Total

Balance, 1/1/08 200 P5.00 P1,000

Purchase, 1/15/08 100 P5.30 P530

Purchase, 1/28/08 100 P5.50 P550

An end of the month (1/31/08) inventory showed that 120 units were on hand.

How many units did the company sell during January, 2008?

a. 80

b. 120

c. 200

d. 280

Reference no: EM132547216

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