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7. Pina Company uses a periodic inventory system. For April, when the company sold470units, the following information is available Units Units Cost Total Cost April
7. Pina Company uses a periodic inventory system. For April, when the company sold470units, the following information is available
Units Units Cost Total Cost
April 1 inventory 290 $18 $5,220
April 15 purchase 400 22 8,800
April 23 purchase 310 23 7,130
1,000 $21,150
Compute the April 30 inventory and the April cost of goods sold using the LIFO method.
Ending inventory$________________
Cost of goods sold$____________________
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