June Corp Sells One Product and Uses a Perpetual Inventory System

question 84

Multiple Choice

June Corp. sells one product and uses a perpetual inventory system. The beginning inventory consisted of 40 units that cost $20 per unit. During the current month, the company purchased 240 units at $20 each. Sales during the month totaled 180 units for $43 each. What is the number of units in the ending inventory?

• A) 40 units.
• B) 60 units.
• C) 100 units.
• D) 280 units.

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Definitions:

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