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BE8-4. (LO 3) Amsterdam Company uses a periodic inventory system. For April, when the company sold 600 units, the following information is available. Units Unit
BE8-4. | |||||||||||
(LO 3) 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 | Average cost/unit | Inventory | |||||||
April 1 inventory | 250 | $10 | $2,500 | ? | ? | ||||||
April 10 Sales | 100 | $10 | 1000 | ? | ? | ||||||
April 15 purchase | 400 | 12 | 4,800 | ? | ? | ||||||
April 20 Sales | 500 | ? | ? | ? | ? | ||||||
April 23 purchase | 350 | 13 | 4,550 | ? | ? | ||||||
1,000 | ? | $11,850 | ? | ? | |||||||
Compute the April 30 inventory and the April cost of goods sold using the average-cost method. |
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