To find the number of units sold in May, we need to use the given formula for Ending Inventory, which states:
[tex]\[ \text{Ending Inventory} = \text{Beginning Inventory} + \text{Purchases} - \text{Units Sold} \][/tex]
We can rearrange this equation to solve for the number of units sold:
[tex]\[ \text{Units Sold} = \text{Beginning Inventory} + \text{Purchases} - \text{Ending Inventory} \][/tex]
Let's fill in the values we have for May:
- Beginning Inventory: [tex]\( 7,000 \)[/tex] units
- Purchases: [tex]\( 2,500 \)[/tex] units
- Ending Inventory: [tex]\( 6,700 \)[/tex] units (which is the beginning inventory of June)
Now we can substitute these values into our rearranged equation:
[tex]\[ \text{Units Sold for May} = 7,000 + 2,500 - 6,700 \][/tex]
Perform the arithmetic:
[tex]\[ 7,000 + 2,500 = 9,500 \][/tex]
[tex]\[ 9,500 - 6,700 = 2,800 \][/tex]
Therefore, the number of units sold for May is [tex]\( 2,800 \)[/tex] units.
