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Effie Company Uses a Periodic Inventory System

Question 3

Multiple Choice

Effie Company uses a periodic inventory system. Details for the inventory account for the month of January, 2018 are as follows: Effie Company uses a periodic inventory system. Details for the inventory account for the month of January, 2018 are as follows: An end of the month (1/31/18) inventory showed that 160 units were on hand. How many units did the company sell during January, 2018? A) 60 B) 160 C) 200 D) 240 An end of the month (1/31/18) inventory showed that 160 units were on hand. How many units did the company sell during January, 2018?


A) 60
B) 160
C) 200
D) 240

Correct Answer:

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