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Flounder Company uses a periodic inventory system. For April, when the company sold550units, the following information is available. April 1 inventory 300 $33 $9,900 April
Flounder Company uses a periodic inventory system. For April, when the company sold550units, the following information is available.
April 1 inventory 300 $33 $9,900
April 15 purchase 440 40 17,600
April 23 purchase 260 43 11,180
1000 $38,680
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 $
Cost of goods sold $
Please provide a breakdown
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