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Brief Exercise 8-6 Sheffield Company uses a periodic inventory system. For April, when the company sold 550 units, the following information is available April 1
Brief Exercise 8-6 Sheffield 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 300 410 290 1,000 Unit Cost $19 23 25 Total Cost $ 5,700 9,430 7,250 $22,380 Compute the April 30 inventory and the April cost of goods sold using the LIFO method. Ending inventory $ Cost of goods sold Show Work is REQUIRED for this question: Open Show Work CES Brief Exercise 8-5 Blue Company uses a periodic inventory system. For April, when the company sold 450 units, the following information is available April 1 inventory April 15 purchase April 23 purchase Units 330 380 290 1,000 Unit Cost $22 26 29 Total Cost $ 7,260 9,880 8,410 $25,550 art Compute the April 30 inventory and the April cost of goods sold using the FIFO method. udy Ending inventory Cost of goods sold Show Work is REQUIRED for this question: Open Show Work
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