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54 (LO 3) Amsterdam Company uses a periodic inventory system. For April, when the company sold 600 units, the following information is available. Units 250

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54 (LO 3) Amsterdam Company uses a periodic inventory system. For April, when the company sold 600 units, the following information is available. Units 250 400 350 Unit Cost $10 April 1 inventory April 15 purchase April 23 purchase 12 Total Cost $ 2,500 4,800 4,550 $11,850 13 1,000 Compute the April 30 inventory and the April cost of goods sold using the average cost method. BE8.5 (LO 3) Data for Amsterdam Company are presented in BE8.4. Compute the April 30 inventory and the April cost of goods sold using the FIFO method. BE8.6 (LO 3) Data for Amsterdam Company are presented in BE8.4. Compute the April 30 inventory and the April cost of goods sold using the LIFO method. Average cost per unit = 11,800/1,000 = $11.85 COGs = 600u - 11,85 $7110 inventory = 400u - 11.85 $4,740

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