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Brief Exercise 8-04 Concord Company uses a periodic inventory system. For April, when the company sold 550 units, the following information is available. April 1
Brief Exercise 8-04 Concord 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 260 $15 430 18 310 20 1,000 Total Cost $ 3,900 7,740 6,200 $17,840 Calculate weighted average cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Weighted average cost per unit Compute the April 30 inventory and the April cost of goods sold using the average-cost method. (Round answers to 0 decimal places, e.g. 2,760.) Ending inventory Cost of goods sold
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