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Cullumber Company uses a periodic inventory system. For April, when the company sold 550 units, the following information is available. Units Unit Cost Total Cost
Cullumber Company uses a periodic inventory system. For April, when the company sold 550 units, the following information is available. Units Unit Cost Total Cost $33 40 9,900 April 1 inventory April 15 purchase April 23 purchase 300 440 260 1,000 17,600 11,180 $38,680 Compute the April 30 inventory and the April cost of goods sold using the LIFO method. Ending inventorys Cost of goods sold
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