Catlet co uses a periodic inventory system its records show

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Catlet Co. uses a periodic inventory system. Its records show the following for the month of May in which 65 units were sold.

  • Date Explanation Units Unit Cost Total Cost
  • May 1 Inventory 30 $ 8 $240
  • May 15 Purchases 25 11 275
  • May 24 Purchases 35 12 420

Totals 90 $935

Reference no: EM13605099

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