E Connect ACCOUNTING HNN Chapter 07 Questions 4-6 of 8) v The following information applies to the questions displayed below) Beck Inc., uses a periodic inventory system. At the end of the annual accounting period, December 31ofthe current year, the accounting records provided the folowing nformation forproduct Units Unit Cost 6400 12 Inventory, December 31. prior year For the current year 18,400 10 Purchase, March 5 9400 6 Purchase, September 19 Sale ($29 each) Sale ($31 each) expense) operating expenses (excluding income tax $394,000