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Amsterdam Company uses a periodic inventory system. For April, when the company sold 600 units, the following information is available. Units Unit Cost Total Cost
Amsterdam Company uses a periodic inventory system. For April, when the company sold 600 units, the following information is available. Units Unit Cost Total Cost April 1 inventory April 15 purchase April 23 purchase 250 400 350 1,000 $10 12 13 $2,500 4,800 4,550 $11,850 Compute the April 30 inventory and the April cost of goods sold using the FIFO method. Ending inventory Cost of goods sold
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