Discuss uses of a periodic inventory system.

Problem 6-3A
Ziad Company had a beginning inventory on January 1 of 165 units of Product 4-18-15 at a cost of $18 per unit. During the year, the following purchases were made.
Mar. 15 440 units  at  $22 Sept. 4 385 units  at  $24
July 20 275 units  at  $23 Dec. 2 110 units  at  $28

1,100 units were sold. Ziad Company uses a periodic inventory system.

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