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ABC Company uses a periodic inventory system, the following information is available. April 1 inventory April 15 purchase Units Unit Cost Total Cost 200 1,000
ABC Company uses a periodic inventory system, the following information is available. April 1 inventory April 15 purchase Units Unit Cost Total Cost 200 1,000 600 3,600 5 6 April 23 purchase 400 8 3,200 7,800 1,200 In April, ABC company sold 500 units Compute the April 30 inventory and the April cost of goods sold using: 1- the average cost method. 2- the FIFO method
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