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Flounder Company uses a periodic inventory system. For April, when the company sold 550 units, the following information is available. Flounder Company uses a periodic

Flounder Company uses a periodic inventory system. For April, when the company sold 550 units, the following information is available.

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Flounder 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 $33 $ 9,900 April 15 purchase 440 40 17,600 April 23 purchase 260 43 11,180 1,000 $38,680 Compute the April 30 inventory and the April cost of goods sold using the LIFO method. Ending inventory $ Cost of goods sold $

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