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Carla Vista Enterprises uses a periodic inventory system for buckets it sells. It had a beginning inventory on April 1 of 68 units at a
Carla Vista Enterprises uses a periodic inventory system for buckets it sells. It had a beginning inventory on April 1 of 68 units at a cost of $6 per unit. During April, the following purchases and sales were made. Purchases April 7 58 units at $7.00 13 116 units at $8.00 23 86 units at $9.00 29 48 units at $10.00 308 Sales April 5 116 units at $20 11 86 units at $20 20 76 units at $20 30 38 units at $20 316 Compute the April 30 ending inventory and April cost of goods sold under (a) average cost, (b) FIFO, and (c) LIFO. (Round cost per unit to 2 decimal places, e.g. 15.25 and final answer to O decimal places, e.g. 1,525.) (a) Average-cost - Ending Inventory +A $ Cost of Goods Sold $ (b) FIFO - Ending Inventory $ Cost of Goods Sold $
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