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ABC Corporation provides the following details for the month of April 2024: Item Amount ($) Beginning Inventory (Apr 1) 25,000 Purchases 35,000 Sales 45,000 Ending

ABC Corporation provides the following details for the month of April 2024:

Item

Amount ($)

Beginning Inventory (Apr 1)

25,000

Purchases

35,000

Sales

45,000

Ending Inventory (Apr 30)

?

Required:

  • Calculate the cost of goods sold for April 2024.
  • Determine the ending inventory value using the FIFO method.
  • Prepare a schedule of cost of goods manufactured (if additional information on manufacturing costs is provided).

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