Intermediated accounting II Week 5 Brief Exercise 8-5

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Brief Exercise 8-5 Marigold Company uses a periodic inventory system. For April, when the company sold 600 units, the following information is available. Unit s Unit Cost Total Cost April 1 inventory 270 $30 $ 8,100 April 15 purchase 440 36 15,840 290 39 April 23 purchase 1,000 11,310 $35,250 Compute the April 30 inventory and the April cost of goods sold using the FIFO method. $ Ending inventory $ Cost of goods sold