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Concord Company uses a periodic inventory system. For April, when the company sold 550 units, the following information is available. Units Unit Cost Total Cost

Concord Company uses a periodic inventory system. For April, when the company sold 550 units, the following information is available.

Units

Unit Cost

Total Cost

April 1 inventory

260 $15 $ 3,900

April 15 purchase

430 18 7,740

April 23 purchase

310

20

6,200

1,000

$17,840

Calculate weighted average cost per unit. (Round answer to 2 decimal places, e.g. 2.76.)

Weighted average cost per unit

$enter weighted average cost per unit in dollars rounded to 2 decimal places

Compute the April 30 inventory and the April cost of goods sold using the average-cost method. (Round answers to 0 decimal places, e.g. 2,760.)

Ending inventory

$enter the ending inventory in dollars rounded to 0 decimal places

Cost of goods sold

$enter the cost of goods sold in dollars rounded to 0 decimal places

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