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Brugge Company uses a periodic inventory system. For May, when the company sold 400. units, the following information is available Units Unit cost $ May
Brugge Company uses a periodic inventory system. For May, when the company sold 400.units, the following information is available
| Units | Unit cost $ |
May 1 inventory | 350 | 9 |
May 16 purchase | 390 | 11 |
May 28 purchase | 460 | 12 |
| 1 200 |
|
Compute the May 31 inventory and the May cost of goods sold using:
- the average-cost method
- FIFO method
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