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Graham Company Uses a Periodic Inventory System

Question 21

Multiple Choice

Graham Company uses a periodic inventory system. Details for the inventory account for the month of January, 2014 are as follows: 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? A) 80 B) 120 C) 200 D) 280 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?


A) 80
B) 120
C) 200
D) 280

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