Question

Ayayai Corp. uses a periodic inventory system. Details for the inventory account for the month of January 2022 are as follows: Units Per unit price Total Balance, 1/1/2022 280 $5 $1400 Purchase, 1/15/2022 140 ..5 700 Purchase, 1/28/2022 140 ..5 700 An end of the month (1/31/2022) inventory showed that 230 units were on hand. How many units did the company sell in January 2022

Answer 1

Answer: 330 units

Step-by-step explanation:

Units sold in January = Units available for sale - Ending inventory

Units available for sale = Beginning inventory + Purchases

= 280 + 140 + 140

= 560 units

Units sold = 560 - 230

= 330 units