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Larkspur uses a periodic inventory system. In April, 600 units were sold and the following additional information is available: Units Unit Cost Total Cost April
Larkspur uses a periodic inventory system. In April, 600 units were sold and the following additional information is available: Units Unit Cost Total Cost April 1 inventory 250 $22.00 $5,500 April 15 purchase 400 25.00 10,000 April 23 purchase 350 27.00 9,450 1,000 $24,950 Calculate the April 30 inventory and the April cost of goods sold using the weighted average cost formula. (Round the weighted erage cost per unit to 2 decimal places, e.g. 15.25 and final answer to 0 decimal places, e.g. 5,125.)
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