Answer:
The number of units sold by the company during January 2017 is 410.
Explanation:
Note: The data in the question are merged together. They are therefore sorted before answering the question as follows:
Units Per unit price Total
Balance, 1/1/2017 340 $6.0 $2040
Purchase, 1/15/2017 170 ..6 1003
Purchase, 1/28/2017 170 ..6 1054
The explanation of the answer is now given as follows:
Total units available for sales during January 2017 = 340 + 170 +170 = 680
Units on hand at end of the month (1/31/2017) = 270
Number of units sold by the company during January 2017 = Total units available for sales during January 2017 - Units on hand at end of the month (1/31/2017) = 680 - 270 = 410
Therefore, the number of units sold by the company during January 2017 is 410.
