Periodic Inventory by Three Methods; Cost of Merchandise Sold The units of an item available for sale during the year were as follows: 1 Inventory 50...

Periodic Inventory by Three Methods; Cost of Merchandise Sold

The units of an item available for sale during the year were as follows:

Jan. 1 Inventory 50 units @ $98

Mar. 10 Purchase 60 units @ $106

Aug. 30 Purchase 20 units @ $110

Dec. 12 Purchase 70 units @ $114

There are 40 units of the item in the physical inventory