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Accounting. Marigold Company uses a periodic inventory system. For April, when the company sold 550 units, the following information is available. April 1 inventory April
Accounting.
Marigold Company uses a periodic inventory system. For April, when the company sold 550 units, the following information is available. April 1 inventory April 15 purchase April 23 purchase Units Unit Cost 250 $14 420 17 330 18 1,000 Total Cost $ 3,500 7,140 5,940 $16,580 Compute the April 30 inventory and the April cost of goods sold using the LIFO method. Ending inventory 9150 Cost of goods sold 8900Step by Step Solution
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