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MarigoldCompany uses a periodic inventory system. For April, when the company sold550units, the following information is available. Units Unit Cost Total Cost Units Unit Cost
MarigoldCompany uses a periodic inventory system. For April, when the company sold550units, the following information is available.
Units
Unit Cost
Total Cost Units Unit Cost Total Cost
April 1 inventory 250 14 3500
April 15 Purchase 420 17 7140
April 23 Purchase 330 18 5940
Compute the April 30 inventory and the April cost of goods sold using the FIFO method.
Ending inventory $ =
(enter a dollar amount)
Cost of goods sold =
(enter a dollar amount)
Please compute the ending inventory and cost of good sold based on the information provided above?
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