Graham Company uses a periodic inventory system. Details for the inventory account for the month of January, 2014 are as follows: An end of the month (1/31/14) inventory showed that 120 units were on hand. How many units did the company sell during January 2014?

Question

Graham Company uses a periodic inventory system. Details for the inventory account for the month of January, 2014 are as follows:  An end of the month (1/31/14) inventory showed that 120 units were on hand. How many units did the company sell during January 2014?

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The Answer of Graham Company uses a periodic inventory system. Details for the inventory account for the month of January, 2014 are as follows:  An end of the month (1/31/14) inventory showed that 120 units were on hand. How many units did the company sell during January 2014?

Graham Company Uses a Periodic Inventory System