calculate the nding inventory as april 30 and the cost of goods

fifo

average

*Exercise 23 Garcia Sales sells golf bags and uses a periodic inventory system. Garcia's inventory records show that at April 1, there were 30 units on hand at a cost of $135 each. Transactions related to purchase and sale of golf bags in April were as follows: Date Transaction Quantity Price April 1 Purchase 17 $127 April 7 Sale 10 150 April 14 Purchase 12 125 April 21 Purchase 5 120 April 28 Sale 22 150 Instructions a. For each of the following cost formulas, calculate the ending inventory as at April 30 and the cost of goods sold for the month of April. Prove the cost of goods sold calculations. 1. FIFO II. Average Exercise 9-21