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Sandvik Mining uses a periodic inventory system. One of the companys products is a special...

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Accounting

Sandvik Mining uses a periodic inventory system. One of the companys products is a special equipment for the oil drilling rig. The inventory quantities, purchases and sales of this equipment for the most recent year are as follows: Number of units Cost per unit Total Cost
Inventory, Jan. 124 $1453,480
Feb. 1 purchase 361525,472
Mar. 1 purchase 421506,300
Apr. 1 purchase 101571,570
Goods available for sale 11216,822
Jun. 1 sale 97
Sept. 1 purchase 321655,280
Inventory, Dec. 3147

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