Question

Concord Corporation sells one product and uses a perpetual inventory system. The beginning inventory consisted of 80 units that cost $19 per unit. During the current month, the company purchased 481 units at $20 each. Sales during the month totaled 365 units for $42 each. What is the number of units in the ending inventory

Answer 1

the number of units in ending inventory is 196 units

Step-by-step explanation:

The computation of the number of units in ending inventory is shown below:

= Opening inventory units + purchased units - sales units

= 80 units + 481 units - 365 units

= 196 units

hence, the number of units in ending inventory is 196 units

We simply applied the above formula so that the correct value could come

And, the same is to be considered