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Brief Exercise 8-5 Stellar Company uses a periodic inventory system. For April, when the company sold 450 units, the following information is available. Units Unit
Brief Exercise 8-5 Stellar Company uses a periodic inventory system. For April, when the company sold 450 units, the following information is available. Units Unit Cost Total Cost April 1 inventory 320 April 15 purchase430 April 23 purchase 250 1,000 $35 $11,200 18,060 11,500 $40,760 42 46 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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