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How many units did the company sell during January

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Question - Effie Company uses a periodic inventory system. Details for the inventory account for the month of January, 2015 are as follows.

 

Units

Per unit price

Total

Balance, 1/1/15

200

$5.00

$1,000

Purchase, 1/15/15

100

5.30

530

Purchase, 1/28/15

100

5.50

550

An end of the month (1/31/15) inventory showed that 140 units were on hand. How many units did the company sell during January, 2015?

Reference no: EM132926869

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