Stallworth Corp. uses a periodic inventory system. The following information is available for the month of November:

-Refer to the information provided for Stallworth Corp. How many units did the company sell during November?

Question

Stallworth Corp. uses a periodic inventory system. The following information is available for the month of November:
 
-Refer to the information provided for Stallworth Corp. How many units did the company sell during November?

Quizplus · Accepted Answer

To calculate the units sold, we need to find the cost of goods sold. This can be calculated by subtracting the ending inventory from the sum of beginning inventory and purchases. Therefore:
Cost of Goods Sold = (Beginning Inventory + Purchases) - Ending Inventory
Cost of Goods Sold = (100 + 200) - 160 = 140
The units sold can be calculated by dividing the cost of goods sold by the cost per unit, which is $2.
Units Sold = Cost of Goods Sold/Cost per unit
Units Sold = 140/2 = 70
Therefore, the answer is B (140). Stallworth Corp. sold 70 units during November.