Consider the following information for X1's Company, which uses a periodic (annual) inventory system: Unit Cost
Transaction
Beginning Inventory
Units
20
Total Cost
$160
January 1
$8
March 15
August 28
October 31
Goods Available for Sale
Purchase
Purchase
Purchase
40
15
80
155
6
10
4
240
150
320
$870
The company sold 65 units on November 15.