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Blossom Company uses a periodic inventory system. For April, when the company sold 550 units, the following information is available. April 1 inventory 300 $33

Blossom Company uses a periodic inventory system. For April, when the company sold 550 units, the following information is available.

April 1 inventory

300 $33 $ 9,900

April 15 purchase

440 40 17,600

April 23 purchase

260

43

11,180

1,000

$38,680

Compute the April 30 inventory and the April cost of goods sold using the LIFO method.

Ending Inventory $

Cost of goods sold $

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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