If a company using a periodic inventory system has beginning inventory of 15 units,purchases an additional 40 units,has ending inventory of 10 units,and sells 45 units,what is the company's number of units available for sale?
A)55 units
B)45 units
C)65 units
D)60 units
E)15 units

Question

Quizplus · Accepted Answer

The number of units available for sale is calculated by adding the beginning inventory to the purchases made during the period. In this case, 15 units (beginning inventory) + 40 units (purchases) = 55 units available for sale.

If a Company Using a Periodic Inventory System Has Beginning