Brief Exercise 8-5 Your answer is incorrect. Try agairn Pharoah 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 April 15 purchase April 23 purchase 230 430 340 1,000 $12 14 16 $ 2,760 6,020 5,440 $14,220 Compute the April 30 inventory and the April cost of goods sold using the FIFO method. Ending inventory 6700 Cost of goods sold 7520