1. Compute the cost of goods sold assuming periodic inventory procedures and inventory priced at FIFO.

Ending inventory =$4,715

Cost of goods sold =$33,655-4,715=$28,940

Compute moving average ending inventory cost??

E8.11 (LO 3) (FIFO, LIFO and Average-Cost Determination) John Adams Company's record of transactions for the month of April was as follows. Purchases Sales April 1 (balance on hand) 600 @ $ 6.00 April 3 500 @ $10.00 4 1,500 @ 6.08 9 1,400 @ 10.00 8 800 @ 6.40 11 600 @ 11.00 13 1,200 @ 6.50 23 1,200 @ 11.00 700 @ 6.60 27 900 @ 12.00 500 @ 6.79 4,600 5,300 21 29