Catlet co uses a periodic inventory system its records show, Ask an Expert

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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

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