Monroe Company had a beginning inventory of 350 cans of paint at 12$ each. On Jan 1 at cost of $4200. During the year the following purchases where made. Feb 15 - 280 cans at $14.00
Apr 30 -110 cans at $14.50
July 1 -100 cans at $15.00
Monroe marks up its goods at 40% on cost. at the end of the year ending inventory showed 105 cans remaining. assuming F. I.FO What is the amount of sales?