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Neverstop Corporation sells item A as part of its product line. Information about the beginning...

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Accounting

Neverstop Corporation sells item A as part of its product line. Information about the beginning inventory, purchases, and sales of item A are given in the following table for the first six months of the current year. The company uses a perpetual inventory system:
\table[[Date,Purchases,Sales],[Number of Units,Unit Cost,Number of Units,Sales Price],[\table[[January 1(beginrting inventory)],[January 24]],575,$4.00,,],[\table[[January 24],[February 8]],675,$410,375,$5.50
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