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ABC Company uses a periodic inventory system, the following information is available. Units Unit Cost Total Cost 200 5 1,000 April 1 inventory April 15
ABC Company uses a periodic inventory system, the following information is available. Units Unit Cost Total Cost 200 5 1,000 April 1 inventory April 15 purchase April 23 purchase 600 6 3,600 400 8 3,200 7,800 1,200 In April, ABC company sold 600 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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