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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 300 $19 $ 5,700
April 15 purchase 410 23 9,430
April 23 purchase 290 25 7,250
1,000 $22,380
Compute the April 30 inventory and the April cost of goods sold using the FIFO method.
Ending inventory
Cost of goods sold
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