Brief Exercise 8-5 Novak Company uses a periodic inventory system. For April, when the company sold 550 units, the following information is available. Units Unit Cost Total Cost April 1 inventory April 15 purchase April 23 purchase 300 440 260 1,000 $33 9,900 40 17,600 11,180 $38,680 43 Compute the April 30 inventory and the April cost of goods sold using the FIFO method Ending inventory Cost of goods sold