Question
Flint Company uses a periodic inventory system. For April, when the company sold 550 units, the following information is available. Units Unit Cost Total Cost
Flint 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 | 250 | $14 | $3,500 | |
| April 15 Inventory | 420 | $17 | $7,140 | |
| April 23 Inventory | 330 | $18 | $5,940 |
Compute the April 30 inventory and the April cost of goods sold using the FIFO method.
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The Business Of We The Proven Three Step Process For Closing The Gap Between Us And Them In Your Workplace
Authors: Laura Kriska
1st Edition
140021680X, 978-1400216802
