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Amsterdam Company uses a periodic inventory system. For April, when the company sold 716 units, the following information is available. Units Unit Cost Total Cost
Amsterdam Company uses a periodic inventory system. For April, when the company sold 716 units, the following information is available.
Units | Unit Cost | Total Cost | ||||||
April 1 inventory | 347 | $16 | $ 5,552 | |||||
April 15 purchase | 428 | 19 | 8,132 | |||||
April 23 purchase | 308 | 21 | 6,468 | |||||
1,083 | $20,152 |
Compute the April 30 inventory and the April cost of goods sold using the FIFO method.
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