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Crane Company uses a periodic inventory system. For April, when the company sold 400 units, the following information is available. Units Unit Cost Total Cost
Crane Company uses a periodic inventory system. For April, when the company sold 400 units, the following information is available.
Units Unit Cost Total Cost
April 1 inventory 220 $11 $ 2,420
April 15 purchase 450 13 5,850
April 23 purchase 330 14 4,620
1,000 $12,890
Compute the April 30 inventory and the April cost of goods sold using the LIFO method.
Ending inventory
$enter a dollar amount
Cost of goods sold
$enter a dollar amount
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