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Indigo Companys record of transactions for the month of April was as follows. Purchases Sales April 1 (balance on hand) 618 @ $6.00 April 3

Indigo Companys record of transactions for the month of April was as follows.

Purchases

Sales

April 1 (balance on hand) 618 @ $6.00 April 3 515 @ $10.00
4 1,545 @ 6.07 9 1,442 @ 10.00
8 824 @ 6.36 11 618 @ 11.00
13 1,236 @ 6.46 23 1,236 @ 11.00
21 721 @ 6.66 27 927 @ 12.00
29 515 @ 6.83 4,738
5,459

1. Assuming that perpetual inventory records are kept in dollars, determine the inventory using FIFO. (Round answer to 0 decimal places, e.g. 2,760.) ( The answer $4,767.87 or $4,768 is showing incorrect)

2. Compute cost of goods sold assuming periodic inventory procedures and inventory priced at FIFO.(Round answer to 0 decimal places, e.g. 2,760.) (The answer 29,862.79 or 29,863 is showing is incorrect)

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