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Kingbird Company uses a periodic inventory system. For April, when the company sold 650 units, the following information is available. Units Unit Cost Total Cost
Kingbird Company uses a periodic inventory system. For April, when the company sold 650 units, the following information is available.
Units | Unit Cost | Total Cost | ||||||
April 1 inventory | 310 | $34 | $ 10,540 | |||||
April 15 purchase | 420 | 41 | 17,220 | |||||
April 23 purchase | 270 | 44 | 11,880 | |||||
1,000 | $39,640 |
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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